Part 4/10:
Since the central bank maintains full control over wholesale CBDCs, it can manipulate the supply of digital currency directly, making it a potent tool for monetary policy. Adjustments to the supply—either increasing or decreasing—can help the central bank influence liquidity and economic stability. Importantly, wholesale CBDCs are not stored or used directly by consumers, so their policies do not impact individual daily transactions directly.
Global Adoption and Pilot Projects
Many central banks worldwide are actively involved in exploring or testing wholesale CBDCs. For example:
The Bank of Canada has completed research and pilot projects on using wholesale CBDCs for interbank settlements.
The European Central Bank is exploring their use within European banking systems.