Libra's China Version?

[Alcor]

In my opinion, the stable CBDC coin of the Chinese government will be much better than the Libra Zuckerberg coin. At least because the authority of such a strong state as China, and not a private person, will stand behind this coin. The global currency should not depend on the level of business of an individual or campaign, it is very dangerous for global financial stability.

[Peter90]

I would trust the Chinese CBDC much more than the Libra coin from Facebook.

This is interesting.
Even more so, because we are talking about China, communist, totalitarian etc.
(Frankly, if you'd ask me, between the Chinese Gov and Libra Corporations I would lean towards the first too.)

So, Govs or corporations?
Cryptocurrencies are considered as the nemesis of fiat currencies, i.e. "state currencies".
But how if such cryptocurrencies are "corporations currencies"?
Who would you trust more?

[damsix]

I still remember when Facebook was created and then China created social media like Facebook but specifically for China, namely Weibo (if I'm not mistaken).
I am sure when Facebook launched LIBRA, it is certain that China will also launch the digital money version of LIBRA but is original from China because China has a good intelligence and likes to duplicate.