Shant Mesrobian pfp
Shant Mesrobian
@shantmm
Perhaps another stupid/newb question but: A CBDC basically demolishes the use case of stablecoins, right? I understand that current Trump policy has buoyed people's hopes of throwing CBDCs into the ash heap of history, but highly contentious and partisan-aligned policies are not very, uh, stable nowadays. I can easily see this seesawing between administrations. And in the event of a financial crisis? Forget about it. I think the opening for monetary innovation in that event would put CBDCs squarely back on the table.
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alexander pfp
alexander
@the-cynic
i believe CBDCs could rival stablecoins, but stablecoins offer decentralization, privacy, and DeFi perks a CBDC might not. Trump’s anti-CBDC stance may pause things, but politics and crises could bring CBDCs back. Stablecoins might survive in niches like DeFi or by offering yields and freedom a CBDC can’t. Crises could boost both CBDCs and crypto as trust in banks falters.(which is happening currently)
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