CBDCs Will Not Kill StableCoins/Cryptos

[therozaq]

CBDC is seen as a big wave of 2021 but the reality is that it is not in the crypto market. China has released their CBDC and as expected it is not regulated thanks to blockchain technology.
That's why I believe that CBDC only makes fiat stronger, not crypto weaker.

I agree , I think CBDC just make fiat stronger , not make crypto weaker.
As you said we all know CBDC , it's not in crypto market, So I don't think CBDC will kill stable coins.
Two different thing.
Crypto will have own market and exist there.

CBDC and crypto currency are two differebt thing, they will go on their part.
Crytp is decentralized system, and we all know about it.
CBDC is centralized system, it will make strong bank.
So, why must worry about it.

[dekafee79]

There are some people who are in the government especially those departments dealing with money, banking and finance who are convinced that CBDCs is the killer of stablecoins and maybe even cryptocurrency for that matter. However, they way am seeing it is that CBDCs can even be complimenting cryptocurrency as it will be so easy and mobile to be using fiat money when they could be in pure digital form. The only way to "kill" cryptocurrency is to ban it just like what China is doing and you must have an authoritarian type of a government wo willing to use surveillance technologies to get the ban done.

I agree with you, I think CBDC will not kill stable coins.
CBDC will support bank transaction and always be there.
Stable coins will be pairing on crypto transaction.
But let's see what happen at the coming future, If CBDC will go in crypto with CEX, I think It will affect to stable coins of crypto such as USDT.
Maybe other members have other opinion here.

[de_prof]

I fully agree that digital money will completely replace fiat, because today most of them use contactless payments. In fact, using contactless payments and online transfers, we are already using digital currency.

agree, digital era will come.
Crypto currency will lead all currency at the coming future.
I think CBDC will not kill crypto, especially stable coins.
Crypto will exist until the digital era come, I believe everything will be crypto.

[satpol_PP]

I fully agree that digital money will completely replace fiat, because today most of them use contactless payments. In fact, using contactless payments and online transfers, we are already using digital currency.

agree, digital era will come.
Crypto currency will lead all currency at the coming future.
I think CBDC will not kill crypto, especially stable coins.
Crypto will exist until the digital era come, I believe everything will be crypto.

me too, I also believe about digital will come at the next several years again. Although crypto needs internet connection, but I believe the government will solve the connection problem.
CBDC also will exist there.

[nakmantu99]

Yes. I think CBDCs are only legal tender in a country, not killing existing stable coins. blockchain is freedom, many people like financial freedom without anyone's interference

I agree with you mate, CBDC just legal tender and won't kill stable coins like USDT and other.
I also believe crypto currency will survive and exist beside CBDC from the government.

[DAMKAR]

Yes. I think CBDCs are only legal tender in a country, not killing existing stable coins. blockchain is freedom, many people like financial freedom without anyone's interference

I agree with you mate, CBDC just legal tender and won't kill stable coins like USDT and other.
I also believe crypto currency will survive and exist beside CBDC from the government.

I have read many opinions here, they said CBDC will never kill stable coin, I think I agree with this.
CBDC is centralaized , has been control by bank.
Stable coins is suitable for crypto transaction.
Maybe when CBDC goose in crypto exchange, I think It will have effect to stable coins.
It's just prediction, but maybe wrong.

[Astra]

State CBDCs will certainly compete with private and other stablecoins that existed before they were introduced. However, their mode of operation is slightly different, so they will have to exist in parallel. Private stablecoins can only disappear when governments prohibit the use of their currency as collateral for these stablecoins. Without such a ban, or a ban on the stablecoins themselves, they can move at the same time, complementing each other with their different capabilities.

[Speaker]

For me, CBDC is just a digital form of traditional fiat currencies. They will not compete in any way - they have different tasks and different ways of development.

[satpol_PP]

For me, CBDC is just a digital form of traditional fiat currencies. They will not compete in any way - they have different tasks and different ways of development.

As I said before, both are different thing
CBDC is just digital form of traditional fiat, not digital currency.
Different to crypro that really digital currency.
So I don't believe CBDC will kill crypto currency or stable coins
Never.

[pacar_tiri]

CBDC is the government crypto that based on centralized platform.
I think It's not a threat for crypto currency.
No worries about this situation.
Both will survive on their rule.
I think crypto will win this competition.
Let's see.

[MrSpasybo]

We come back to CBDC in 2022, I was expecting it to be the driving force for the crypto market in 2020 but in the end DeFi took the spotline. I believe CBDC is good news for the crypto market as more people have access to blockchain technology. Of course, I hope CBDC will be created on blockchain instead of a centralized technology.

[smart_oa]

CBDC will not do anything because those people who do not want to accept crypto as a currency also do not support CBDC. People just do not trust banks to control their money so CBDC will be highly unpopular and it is possible that enforcement of CBDC will force people to use crypto as an alternative because they both can serve the same purpose.

[Jaephoenix]

Crypto stablecoins are not going anywhere fast. It is the only anchor a regular crypto user utilizes in a turbulent market. One can't do away with them because you actually cannot use CBDCs in crypto, unless it is pegged

[bayiajaib]

CBDC will not do anything because those people who do not want to accept crypto as a currency also do not support CBDC. People just do not trust banks to control their money so CBDC will be highly unpopular and it is possible that enforcement of CBDC will force people to use crypto as an alternative because they both can serve the same purpose.

CBDC is created by the government ,to compete crypto currency.
But I don't think CBDC will do.
Because CBDC cannot work on crypto currency exchange now.
maybe at the next time.
I still believe CBDC will not kill crypto.

[Senin]

CBDC will not do anything because those people who do not want to accept crypto as a currency also do not support CBDC. People just do not trust banks to control their money so CBDC will be highly unpopular and it is possible that enforcement of CBDC will force people to use crypto as an alternative because they both can serve the same purpose.

CBDC is created by the government ,to compete crypto currency.
But I don't think CBDC will do.
Because CBDC cannot work on crypto currency exchange now.
maybe at the next time.
I still believe CBDC will not kill crypto.

No, states are not introducing their CBDCs to compete with cryptocurrencies. First of all, they try to make their non-cash payments more efficient. After all, it is no secret that digital currency is faster and more cost-effective compared to non-cash payments of states that use the long-outdated SWIFT system.
How CBDCs will interact or conflict with existing private stablecoins, time will tell. So far we have no such experience.