Will Government's Stablecoin be listed on Exchanges?

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Quote from: NeverSop on August 07, 2021, 12:52:26 AM

I think CBDC will be listed, the government can impose it by regulation and they will come up with solutions for gradual shelling with other centralized stablecoins like usdt. That is also the reason that USDT is risky.

It could be a way for the fresh money to enter in the cryptocurrency. Why are you only mentioning USDT? another stable coin has the similar case with USDT but they didn't get published.
CBDC will be listed in the exchange site but i think that the exchange site will provide a new tab to be used by those CBDC. It will replace fiat.

777Jolami

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I think it will be. But more importantly who will take the value and use it. If Tether has a fork in the future, are other stablecoins worthy of trust? Personally, I never thought I would have to use cbdc for my transactions, it's wrong argument and point of view of market success and survival -> Decentralized stable coins are opening up huge opportunities for bitcoin .

noorman0

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Quote from: Naficopa on August 07, 2021, 03:57:43 AM

Binance has its own stablecoin (BUSD) so it doesn't really need another one. However, everything will depend on the popularity of CBDC. If it turns out that users prefer to use CBDC, Binance will also adopt this stablecoin to be a more competitive exchange.

Binance has branches in many countries, and remember that binance gets some regulatory pressure simultaneously last July. CBDC legal strength is greater than stable coins made private institutions. Listing CBDC is not on the basis of its popularity, even the local governments can prohibit any exchanges that have been operated on their countries that listed any stable coins other than CBDC.

Naficopa

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Quote from: cabron on July 20, 2021, 10:04:44 PM

I'm not sure if this is the right place to post the topic so let me know where to move it if you figured. Just a series of questions.

I wanted to ask if exchanges like Binance will include CBDC stalecoins in their market and what will happen to the prices?
Do you think the government will print more of these CBDC coins and buy all the BTC?
And will you as a trader use the CBDC coin?

Binance has its own stablecoin (BUSD) so it doesn't really need another one. However, everything will depend on the popularity of CBDC. If it turns out that users prefer to use CBDC, Binance will also adopt this stablecoin to be a more competitive exchange.

NeverSop

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I think CBDC will be listed, the government can impose it by regulation and they will come up with solutions for gradual shelling with other centralized stablecoins like usdt. That is also the reason that USDT is risky.

Bitstar_coin

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This is really something to ponder about and now that you mentioned it I find myself also wondering the same thing, it most definitely needs to be traded on different centralize exchanges in other to reach as many as possible, how will people have access to the coins if they are not traded on exchanges, and I feel the demand will be high and probably compete with top stablecoins like usdt, reason because since they are government backed and approved many people including me will want to use them for assets preservation without any fear of government going after the project.

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Quote from: cabron on July 20, 2021, 10:04:44 PM

I wanted to ask if exchanges like Binance will include CBDC stalecoins in their market and what will happen to the prices?

I think they will list government stable coins (CBDC) because an exchange will list anything that has enough interest from the traders and although CBDC are rated badly by a lot of crypto enthusiasts but we cannot deny the hype and interest is always there.

Quote from: cabron on July 20, 2021, 10:04:44 PM

Do you think the government will print more of these CBDC coins and buy all the BTC?

Technically, printing more CBDC/stablecoin is like printing more money to buy all the bitcoins. If they do something as foolish as that, it might end up costing them inflation in the end.

Quote from: cabron on July 20, 2021, 10:04:44 PM

will you as a trader use the CBDC coin?

Probably never because I don't want to be tracked down, not because I am doing anything illegal but because I prefer my privacy and hence I entered this decentralized market.

Bravehash

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Quote from: cabron on July 20, 2021, 10:04:44 PM

I'm not sure if this is the right place to post the topic so let me know where to move it if you figured. Just a series of questions.

I wanted to ask if exchanges like Binance will include CBDC stalecoins in their market and what will happen to the prices?
Do you think the government will print more of these CBDC coins and buy all the BTC?
And will you as a trader use the CBDC coin?

It's digital coin that represents every countries fiat currency so yes it makes sense for CBDC to be available on not just binance exchange only buy other exchanges too, this might even make things become easier, we all know how scared people are when using centralised stable coins like USDT even while it's the no 1.

cryptolord2077

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More likely yes than no, what difference does it make to them if it is a stablecoin.
Personally, I still do not understand at all how these monetary components will work in practice, given the huge number of restrictions on the part of various jurisdictions, not every exchange will be listing a similar coin to itself.

lixer

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Quote from: cabron on July 20, 2021, 10:04:44 PM

I wanted to ask if exchanges like Binance will include CBDC stalecoins in their market and what will happen to the prices?
Do you think the government will print more of these CBDC coins and buy all the BTC?
And will you as a trader use the CBDC coin?

Maybe they will, but it all depends on what this is CBDC is all about and how it’s going to work, that’s what will determine whether it will be tradable on exchanges when the time comes. I have not seen a CBDC and I don’t fully understand, all I just know is that they are stablecoins that are owned by the government, apart from that I don’t know how they function and all that. And moreover there hasn’t been much countries that owns CBDC, most of them that tried failed, only China seems to be successful, but let’s see how far they will go with that.

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Sure. It is not known if this will be an official listing, but what will prevent people who bought these stablecoins from listing on any of the exchanges.
Both centralized and decentralized. However, they can have any kind of control only on the CEX.

maju69

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Quote from: The Cryptovator on July 22, 2021, 02:33:27 PM

I believe centralized exchange will welcome the government's issued stable coins. Since exchange itself will be most beneficiary by allowing traders to use CBDC. Both are centralized exchange and CBDC. And it will be an advantage for traders to cash out their earnings as well. So from the exchange side, there wouldn't be prevention if the government that creates CBDC does not prevent it. Because all the control of CBDC will be in the government's hands, so getting their permission would be mandatory.

in addition to making profits, of course the two parties will get closer and gradually open up the widest possible space for cryptocurrencies in the country and provide various freedoms of transactions. so little by little the cryptocurrency paradigm is no longer terrible in the eyes of the public.

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Quote from: leea-1334 on July 22, 2021, 10:59:11 AM

Probably if it happens,,, it will be the governments moving to list them and only as part of crypto regulation + licensing. In fact,,, I believe now they might even make it a requirement that if you operate in the country maybe you can only fiat off ramp with their CBDC.

Remember what happened with Venezuela and Petro? Sign of the future:)

This will depend on which country will issue the CBDC. After all, we understand that there is a big difference between Venezuela and America and, accordingly, there will be a big difference between Petro and the national digital currency of America. Accordingly, such CBDCs issued by developed countries will be in high demand among people.

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Quote from: The Cryptovator on July 22, 2021, 02:33:27 PM

I believe centralized exchange will welcome the government's issued stable coins. Since exchange itself will be most beneficiary by allowing traders to use CBDC. Both are centralized exchange and CBDC. And it will be an advantage for traders to cash out their earnings as well. So from the exchange side, there wouldn't be prevention if the government that creates CBDC does not prevent it. Because all the control of CBDC will be in the government's hands, so getting their permission would be mandatory.

Sure, because when they list those currencies, they have a greater chance to grow, even compete with other banks in that country. Normally, a centralized exchange and a bank are unrelated, but the fact that stablecoins are issued by the government and listed there means that they have become an extremely legal exchange to use. But I guess no government wants to do that?

ven7net

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Quote from: cabron on July 20, 2021, 10:04:44 PM

I'm not sure if this is the right place to post the topic so let me know where to move it if you figured. Just a series of questions.

I wanted to ask if exchanges like Binance will include CBDC stalecoins in their market and what will happen to the prices?
Do you think the government will print more of these CBDC coins and buy all the BTC?
And will you as a trader use the CBDC coin?

I believe there is nothing special about launching CBDC stalecoins, much less using them. You may have noticed that now, besides the Binance exchange, there are a number of other financial platforms that successfully exchange cryptocurrencies for fiat money and vice versa, so why should CBDC stalecoins be special? I believe CBDC stalecoins will definitely be added to all major trading and exchange platforms. When it comes to printing CBDC stalecoins, I don’t think they will be printed uncontrollably like the US dollar, but if that happens, then the price of these CBDC stalecoins is worthless. But supposing that everything goes and works within the framework of the rules, then I will probably also use CBDC stalecoins to exchange cryptocurrencies and fiat money.

stomachgrowls

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Quote from: The Cryptovator on July 22, 2021, 02:33:27 PM

I believe centralized exchange will welcome the government's issued stable coins. Since exchange itself will be most beneficiary by allowing traders to use CBDC. Both are centralized exchange and CBDC. And it will be an advantage for traders to cash out their earnings as well. So from the exchange side, there wouldn't be prevention if the government that creates CBDC does not prevent it. Because all the control of CBDC will be in the government's hands, so getting their permission would be mandatory.

It would be automatically approved since these centralized exchange are complying government rules and regulation so it wouldnt be that surprising on seeing this on the future about CBDC's.

This is actually putting up traders on more convenient way on conversion out their coins into these coin too but we know that every convenience would have a particular exchange

which would really be that KYC as usual but even in todays situation then this turns out to be on default.So expect that it would be 100% be required.

The Cryptovator

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I believe centralized exchange will welcome the government's issued stable coins. Since exchange itself will be most beneficiary by allowing traders to use CBDC. Both are centralized exchange and CBDC. And it will be an advantage for traders to cash out their earnings as well. So from the exchange side, there wouldn't be prevention if the government that creates CBDC does not prevent it. Because all the control of CBDC will be in the government's hands, so getting their permission would be mandatory.

maju69

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Quote from: fullhdpixel on July 22, 2021, 01:40:08 PM

I don't mind paying taxes as long as freedom is there. I would actually prefer govt. backed stable coins over the Tether stable coins because obviously, it gives more confidence.

That's right, maybe the tax won't be too big and burdensome as long as the income you get can cover taxes in a sustainable period. freedom is the main point, and Binance will definitely think about if they will soon list a stable coin that the government itself designed specifically to be able to trade with exchanges.

Alanaz

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Quote from: danherbias07 on July 22, 2021, 03:50:48 AM

It's a good way for CZ and Binance to earn the love of the government. Grin

Of course he will list it if needs be. Prices? Stable. Use it? Yes. Why not?
Instead of having a pair like BTC/USDT, I will likely switch to the new one with more security and you can keep it for longer periods unlike with USDT where I am always having doubts. Long-term traders will finally have some peace of mind with a new pair.

Maybe there is some truth in what you say because it can be a protection for both parties (the government and Binance) and consequently, your balance will be monitored by the government where they can easily check each other's financial totals. as a result, if the tax from the government's crypto is a stablecoin then are you willing to be subject to a CBDC crypto tax?

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Quote from: Shenzou on July 21, 2021, 07:40:41 PM

I think that if exchanges accept CBDC and bitcoin trading, people who are constantly trading bitcoin for just fiat profit would defiantly find it more convenient, since probably the stable coin made by the government would usable anywhere, but i don't thin that it would get that popular since it is controlled by the government and it would also be subject to income taxes which many people don't really want.

I don't mind paying taxes as long as freedom is there. I would actually prefer govt. backed stable coins over the Tether stable coins because obviously, it gives more confidence.

There is no doubt that Binance and all other big exchanges will immediately support these coins because there will be pressure from the government and there will be enough demand just like how people forced Binance to list Shiba Inu, through sheer support and pressure on social media.

It would be a good addition to the crypto market because although the market is enormous for cryptocurrencies, we still lack trust to some extent which should be solved with the arrival of govt. back stable coins.

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