The impact of CBDCs on stablecoins with Bitget's Gracy Chen

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What effect would CBDCs have on stablecoins? As of right now, about a hundred countries are exploring options for the new type of central bank.

stood out as one of the ways for fiat currency to harness a part of what cryptocurrencies achieve today.

over 95% of global GDP — have either launched or are researching and developing their own versions of CBDC.With CBDCs joining the race to dominate the future of finance, the relevance of the stablecoin ecosystem — cryptocurrencies backed 1:1 with fiat, such as the United States dollar — comes into question.

Wholesale CBDC: It is mainly issued to commercial banks and other large financial institutions for large-value payment settlement.

Source: News Formal (newsformal.com)

 

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Anyone else read this as CBD?

Hope there'll not be much impact cause people will be decent enough to not use it. I might be naive about it though

There's no way I'll choose this surveilance tool over, say, usdt

In Bitcoin we trust!

お前らが散々苦労して作ったシステムをゴッソリもらう計画だよ🤣 お前らマジで終わってんな、せっかく世の中ひっくり返せたのに。これでまた十年奴隷惑星決定だわな。

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