Mexico MDBC (Moneda Digital del Banco Central)

According to Banco de México (Banxico), the MDBC (Moneda Digital del Banco Central) project was announced in December 2021 with an original target launch of 2024. However, the timeline has been revised multiple times. Governor Victoria Rodríguez Ceja stated in 2022 that the digital currency would be ready in 2025, with full operational implementation estimated to take approximately three years from that point. The project was described as 'frozen' due to various factors, pushing back the original launch date. The MDBC uses distributed ledger technology (DLT) with a dual-access model: a wholesale layer for interbank transactions and retail access through tokenized bank deposits. Key features include programmability and instant settlement capabilities. The CBDC aims to increase financial inclusion, expand payment options for banked and unbanked populations, and enable faster, safer, and more efficient payments with interoperability across the economy. It will function as an electronic registry complementary to physical currency rather than replacing it, fulfilling three primary functions of money: medium of payment, unit of account, and store of value. Banxico participates in BIS Project Agorá for exploratory wholesale CBDC experiments. The MDBC is planned to integrate with SPEI (Sistema de Pagos Electrónicos Interbancarios), Mexico's primary electronic payment system.

Updated: Feb 18, 2026