CBDCs Will Replace Private Stablecoin Tether, Central Bankers Say
Speaking at the annual ECB Forum on central banking, heads of the three central banks said that they are actively exploring the idea of a CBDC. Some predict it will end private stablecoins, like Tether’s USDT.
Andrew Bailey, the governor of Bank of England, said that a CBDC would replace private stablecoins like Tether, Libra, and others as people would be more confident in storing and spending CBDCs.
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