The stable digital currencies, also known as CBDCs have been gaining popularity in the last two years, especially after 2021 bull market.
What are your thoughts?
What are your thoughts?
I myself think that stable coins will be very beneficial for the development of the credit system in the economy. As transaction times and costs decrease, new opportunities arise for applications such as loans, lending money, remittances, and credit card networks. On the other hand, the introduction of a new digital currency can lead to a devaluation of the currency in other fiat currencies.
CBDCs are a potential solution to many of the problems now plaguing fiat currencies. But they're not perfect, and there's no telling how they will affect economies around the world—especially in all the tiny countries out there. After all, it is clear that the new generation of digital stablecoins could have a huge impact on the future financial landscape.
