It is too early to draw any conclusions about the relationship between stablecoins and digitized currencies of states. In fact, we haven’t seen the practical use of CBDC yet. However, it seems to me that they will still conflict. Indeed, in fact, all of them are backed by the currency of states, only CBDC are stablecoins of states, and the current stablecoins we know are mostly private or various commercial structures. Sooner or later they will conflict and the advantage here is clearly in the hands of the states.