Dhaka, Dec. 20 -- Every day, millions of people and businesses send money across borders - and wait. A remittance can take days to arrive, fees quietly erode income, and trillions of dollars remain locked in correspondent banking systems designed decades ago for a slower, analogue economy. For developing countries, these frictions are not merely inconvenient; they constrain growth, weaken resilience, and reinforce inequality.

A fundamental shift is now underway. Central Bank Digital Currencies (CBDCs) and stablecoins are emerging as powerful tools to modernise the global financial system's core infrastructure. While often discussed separately - or even as rivals - together they offer a credible path to faster, cheaper, and more inclusive...