Over time, as states massively issue their digitized national central bank currencies, current private stablecoins will compete with government stablecoins, and then states may well be able to completely ban the circulation of private stablecoins. On the one hand, this will be quite logical, but on the other, there will be a lot of reasons for such a decision. Therefore, private stablecoins, at least a significant part of them, may soon cease to exist.