So did the USA government realize that stablecoins are already a big foe to their incoming digital-Dollar or they are planning to integrate stablecoins to their future digital dollar?
That's what I was wondering. The thing is that the CBDC digital dollar is still
years away from being launched and I guess regulation will do until then but once it is in place, I don't see much point in a stablecoins pegged to the USD if you are going to have a shitcoin issued by the FED which is the USD. Better the original than the copy, I'd say.
The way I see it, there is no warranty the CBDC's will provide the liquidity to the crypto market that the stablecoins have, not even mention that CBDC's wallets will likely be associated to a person (name, nationality, residence, social security number) while stablecoins only require a crypto-address. Obviously, the government of the United Stated would be happy if they could replace stablecoins with their incoming digital coin on exchanges, that would be helpful for them to catch tax-evasion, criminals and whatnot at cost of our privacy, that is.
If they are planning something like that, they have a quite a long way to go before they achieve it, who knows, perhaps a Tether/Stablecoin scandal would come handy for them to accelerate things and convince us we are better withdrawing our gains directly to our new, nice and clean centralized CBDC wallet. I would expect stablecoin FUD in the near future.
So did the USA government realize that stablecoins are already a big foe to their incoming digital-Dollar or they are planning to integrate stablecoins to their future digital dollar?
Also, what do they plan to do about decentralized stablecoins?
Will they force Centralized exchanges only to operate with "licensed" stablecoins or else they get in trouble?
I can easily see Binance and Coinbase announcing they would cease to work with DAI because the suits told them so.
Yes, there are still a lot of questions. You need to know the essence of the upcoming stablecoin trust law before commenting on it. It seemed to me that states, in any case, would be unfriendly to private and commercial stablecoins using their currency as collateral. In any case, government regulation of these stablecoins is necessary, because only in this way can we get rid of the recurring abuse scandals in this area and increase their credibility.
I would not like if they tried to exclude decentralized options like DAI off exchanges because a -license-.