Template-type: ReDIF-Paper 1.0
Author-Name: Giuseppe Gurrado
Author-Name: Donato Masciandaro
Title: Stablecoins vs CBDCs: the Digital Money Race in the Scientific and Social Networks
Abstract:In the ongoing race between new digital currencies, a crucial factor for success will be their relative ability to gain acceptance as a medium of exchange, shaping the demand for money. Focusing on the emerging competition between stablecoins and CBDCs, this analysis offers quantitative insights into which of the two is gaining more attention among different audiences, exploring both academic and public interest in recent years. The growth rates of academic publications on stablecoins and CBDCs, after alternating periods of predominance, now appear to converge, even though research on CBDCs remains higher in absolute terms. However, beyond academia, public attention confirms the possibility of stablecoins catching up. The observed cycles of attention for the two digital currencies highlight the importance of specific events, as well as the relevance of contextual and country-specific factors.
Classification-JEL:  B22, C91, E41, E42, E52, E58
Keywords: Central Bank Digital Currencies, Cryptocurrencies, Stablecoin, Money Demand, Social Networks
Length: 15
Number: 25254
Creation-Date: 2025
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp25254.pdf
File-Format: application/pdf
File-Size: 904.72KB
Handle: RePEc:baf:cbafwp:cbafwp25254