The current research was conducted with the aim of designing and validating the digital currency issuing model for cross-border payments in the Central Bank of Iran. The purpose of this research is development-applied. A mixed exploratory (qualitative-quantitative) research design was used to achieve the goal. The statistical population in the qualitative research includes university professors and central bank managers who were selected by theoretical sampling. Accordingly, theoretical saturation was achieved after 20 interviews. The statistical population of the quantitative part includes managers and experts of the central bank. A randomized cluster method was used for sampling. A semi-structured interview and a researcher-made questionnaire were used to collect data. In the qualitative part, the structures of the digital currency issuing model for cross-border payments in the central bank were identified and the causal relationships of these factors were explained using the grounded theory method. In the quantitative part, the validity of the research paradigm model was evaluated using the partial least squares method. Qualitative data analysis was done with Maxqda software and quantitative part was done with Smart PLS. The findings of the research showed that according to the research paradigm model, political factors, social factors and monetary and financial factors have an effect on the circulation of digital currency. On the other hand, software and hardware infrastructures provide the background conditions, and cross-border payments and risk management are also intervening factors. Finally, the economic development of the country can be achieved with the policy of issuing digital currency.