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Author Topic: CBDCs Will Not Kill StableCoins/Cryptos  (Read 11493 times)

Offline masudginanjar

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Re: CBDCs Will Not Kill StableCoins/Cryptos
« Reply #45 on: January 22, 2024, 06:48:22 AM »
- Central Bank Digital Currencies (CBDCs) and stablecoins serve different purposes, -
You have written it correctly and it has been seen as clearly since the first time USDT tether was created, maybe in 2013 or before.
USDT tether or coin stable at that time also only stabilized the value in the market and until this sat the value remains only 1 USD there was no change.
Maybe the difference is between USDT only a little with the real USD currency from CBDC, there is no problem in my opinion about Central Bank Digital Currencies (CBDCS) and stable coins in Cryptocurrency because both of them are true as you said "has different purposes".
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Re: CBDCs Will Not Kill StableCoins/Cryptos
« Reply #45 on: January 22, 2024, 06:48:22 AM »

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Re: CBDCs Will Not Kill StableCoins/Cryptos
« Reply #46 on: January 22, 2024, 11:50:58 AM »
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.
Bitcoin has been banned several times in China. A ban that got bitcoin mining to zero in China? Later China become and still has the second highest mining hashrates. Cryptocurrencies are not seen as currency in China but seen as a digital property can be legally owned.

Maybe the difference is between USDT only a little with the real USD currency from CBDC, there is no problem in my opinion about Central Bank Digital Currencies (CBDCS) and stable coins in Cryptocurrency because both of them are true as you said "has different purposes".
What is the different purposes that fiat pegged coins and CBDCs have? They are different but their purposes seem like the same.
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Offline masudginanjar

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Re: CBDCs Will Not Kill StableCoins/Cryptos
« Reply #47 on: January 23, 2024, 09:54:59 AM »
What is the different purposes that fiat pegged coins and CBDCs have? They are different but their purposes seem like the same.
This is just my imagination, maybe I was wrong to judge the difference between the two of the USDT and CBDC.
I will try to explain in my view:
 -USDT is traded in markets that have a basic basis of cryptocurrency, such as Binance, Kucoin, Huobi etc.
 -CBDC traded in markets that have a basis not cryptocurrency, for example Amazon, Alibaba etc.

Maybe the understanding that I interpret from USDT and CBDC is different from your understanding.
But this is a vision of me because honestly I also do not know what CBDC is and what type of CBDC is like, if you think what about CBDC and USDT?
« Last Edit: January 23, 2024, 01:05:27 PM by masudginanjar »
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Offline Peter90

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Re: CBDCs Will Not Kill StableCoins/Cryptos
« Reply #48 on: January 23, 2024, 11:15:34 PM »
What is the different purposes that fiat pegged coins and CBDCs have? They are different but their purposes seem like the same.

CBDCs and fiat pegged cryptos can have the same value - for es. 1 $ - but are completely different currencies:
- CBDCs are created by the Central Bank i.e. by the monetary authority of a country.
- fiat pegged cryptos are created by the company issuing them.

 

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