Will Government's Stablecoin be listed on Exchanges? - page 2.

LimLims

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Quote from: cabron on July 20, 2021, 09:04:44 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?

To be honest I don’t want to use them.
I know this opinion will varies from person to person but that’s what i want.
I really don’t want to hold any coins that are controlled by government.
Earlier Cryptos are developed for his decentralised nature and if it’s now controlled by government, then better to avoid it.
Waiting for other members opinion on this.

noorman0

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The transition will not be carried out arbitrarily, it requires careful thought and planning, especially regarding community responses that are more aware of decentralization. I'm not sure on what basis stablecoins were created especially the profit side for their creators. But if it's really profitable without us realizing it, the creators can still launch new versions backed by other stable assets like gold where there is no opposition from any authority about its existence.

leea-1334

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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:)

DarkDays

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Quote from: pooya87 on July 21, 2021, 01:48:49 AM

It doesn't matter if the exchange lists them or not but the real question is whether people are going to use them or stick to the same existing stablecoins for more privacy. I think people will do the later, not just for privacy but because they are already used to doing it.

Exactly! Any government created digital coin can go on exchanges that governments feel close affiliation to from the legislation standpoint, and so I agree that the bigger challenge here is the use of these coins. Perhaps, it is even irrelevant to even pose the second challenge if governments decide to force their digital assets onto people by having a small transition period and make their fiat obsolete???

For me this would be the most worrying thing because not everyone say in China has access to the internet let alone access to a digital wallet. I could see this being resolved whereby every citizen will have a wallet created by the government much like a utilities account but of course that goes against decentralisation and monopoly from a central base.

These are all heavy concerns that I think decision will not be made overnight and it will involve multiple parties, perhaps even multiple governments around the globe.

imstillthebest

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Quote from: cabron on July 20, 2021, 09:04:44 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.

stable coins are a token but theres no token discussion . you can try relocating it at altcoin discusion

Quote

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?

arent they already have it ? because i have seen usdt and other stable coins on their exchange .
nothing can happen in the price but we will experience a normal market ( up , down and stable ) . i dont think they will print and print and buy more btc because that can cause imbalance in the crypto market , pretty sure they dont want to get blamed . never try using a stable coin but if i do i will pick usdt first because im familiar to it

danherbias07

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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.

RILWAN

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Most of the centralized cryptocurrency exchanges will list the government stablecoins as the coins are highly centralized and developed in a regulatory compliance manner to meet all the exchange requirements, but what I could not predict is its future market price.

Bitcoin_Arena

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Quote from: cabron on July 20, 2021, 09:04:44 PM

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

If they can support fiat deposits, withdrawal and trading pairs, then why not CBDC's?
Obviously will try to "make the price stable' just like their fiat currencies

Quote

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

Not possible. Not everyone will sell their Bitcoins.

We have seen some wallets that haven't moved a single satoshi for over 9 years

Quote

And will you as a trader use the CBDC coin?

CBDC's and cryptocurrencies will have to coexist just like you have seen fiats and crypto. So why not?

TimeTeller

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Quote from: milewilda on July 21, 2021, 06:45:07 PM

Quote from: mk4 on July 20, 2021, 09:37:44 PM

Highly highly likely. I mean, if some exchanges do list fiat trading pairs, then why not CBDCs? Especially if these CBDCs do actually gain a lot of mass adoption. Unless certain governments end up asking exchanges to not list their CBDCs of course; which I don't think will happen.

Was suppose to say the same thing that it would be likely to get listed and since CBDC's will surely be getting users or supporters then they might consider on expanding it out on listed through exchange platforms and
same as you said unless if they wont really be tending to make such step since they do know that they can spread awareness with their own terms and ways and wont really be getting any help out of those crypto
platforms so its a bit mixed with some ego or pride towards the difference between centralized and decentralized.

Definitely, exchanges will list CBDCs. This will attract more users on their platform.
There are already p2p services catering their local fiat.
Now, if CBDCs are available on the exchange platform, it will gain adoption.
However, it still depends on the government, because if they want control, they need collaboration with the exchange so they know the transactions being made via their CBDC.

milewilda

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Quote from: mk4 on July 20, 2021, 09:37:44 PM

Highly highly likely. I mean, if some exchanges do list fiat trading pairs, then why not CBDCs? Especially if these CBDCs do actually gain a lot of mass adoption. Unless certain governments end up asking exchanges to not list their CBDCs of course; which I don't think will happen.

Was suppose to say the same thing that it would be likely to get listed and since CBDC's will surely be getting users or supporters then they might consider on expanding it out on listed through exchange platforms and
same as you said unless if they wont really be tending to make such step since they do know that they can spread awareness with their own terms and ways and wont really be getting any help out of those crypto
platforms so its a bit mixed with some ego or pride towards the difference between centralized and decentralized.

Shenzou

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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.

blockman

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There is no need to expect that the price of these CBDCs will pump once they've been listed to an exchange. But we don't know if these countries will allow such listing to any exchange even it's binance as one of the biggest crypto exchanges worldwide. They've made CBDC for their own purpose and usage of the people so if they're going to list it somewhere, they'll make their own exchange where people can exchange their fiat for CBDC. And I think that's more likely than to be seen it listed on Binance or elsewhere.

Rengga Jati

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If it is exchangeable, I think it is possible, moreover started by listing on the local exchanges of the country. Moreover, it is a fiat coin, the government will do everything if they want to list their coin into exchanges. Maybe some rules that every local exchange should use the CBDC as one of their pairings? Probably Grin

Quote from: cabron on July 20, 2021, 09:04:44 PM

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?

Does the government buy all BTC? Which government of which country will it be? I don't think so, moreover, Bitcoin is owned by many people around the world, companies, and also other parties. We even don't know exactly who the owners of each Bitcoin in the world are. And I am sure also that they and we will not sell the Bitcoin to the government.
And about the interests of the traders, that is not one of the matters. as long as the exchange lists as one of the pairing, probably exchangeable as fiat at once, it can make different interests.

maju69

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How many times has the government suspected Binance and caused quite a stir in some news? even in some countries Binance is banned it is difficult to enter. then easily hope CBDC will come in as they hope? I'm not sure this will have problems in the future, how will the CBDC that the government designed will make Binance have to be more careful? We don't have a bad suspicion of CBDC, we just need to think further, because controlled CBDC cannot adapt to decentralization.

dothebeats

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Perhaps it will be. We do have Forex exchanges catering to trading different currencies from different countries, so it's not really that far-fetched to see stablecoins from governments being listed on these exchanges. Of course there will be limitations, imposed by the governments themselves, though I don't think they would be that thick to not enlist their stablecoins on public exchanges as it ensures these currencies would appreciate in value as the public joins in on the trading scene.

Clavulanic

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Quote from: cabron on July 20, 2021, 09:04:44 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?

Depends on the reality of the situation, out interests as a trader will always matters most specially this is catered by the government. As long as there's strong support from their community, demand will also increas gradually. Price will also be affected when listed at any reliable exchanges like binance, kucoin or Etoro.

Naficopa

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Quote from: cabron on July 20, 2021, 09:04:44 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?

Whether a coin will be listed on exchange depends on what blockchaine (if on blockchain) it is created on and on the decision of the exchange owners.
I think that if governments make their citizens dependent on their own stablecoins or make them receive discounts, then they can be so popular that large exchanges will decide to list them. When it comes to Binance, I think it may be a bit more difficult as it already has its own coin, but other exchanges should adopt stablecoins more easily.

cabron

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Quote from: pooya87 on July 21, 2021, 01:48:49 AM

Well there are a lot of exchanges that have already listed a lot of "government issued currencies" also known as fiat, there is no reason for these exchanges to not also list other form of "government" issued currencies" just because they are in a new form and have a weird name such as CBDC.

It doesn't matter if the exchange lists them or not but the real question is whether people are going to use them or stick to the same existing stablecoins for more privacy. I think people will do the later, not just for privacy but because they are already used to doing it.

The government is cracking down stablecoins which could result probably in them replacing them with CBDC. Is it possible?

pooya87

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Well there are a lot of exchanges that have already listed a lot of "government issued currencies" also known as fiat, there is no reason for these exchanges to not also list other form of "government" issued currencies" just because they are in a new form and have a weird name such as CBDC.

It doesn't matter if the exchange lists them or not but the real question is whether people are going to use them or stick to the same existing stablecoins for more privacy. I think people will do the later, not just for privacy but because they are already used to doing it.

hd49728

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Quote from: cabron on July 20, 2021, 09:04:44 PM

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

Exchanges have to bind with laws and regulations and if they accept fiat currencies to trade for peer-to-peer payment methods, they will accept CBDCs. I think exchanges are keen on CBDCs or whatever stable coins that can bring more liquidity and trading fees from customers. What they want is acceptance from governments to operate their exchanges and get as much fees from customers as possible.

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

Stable coin companies can mint theirs so governments can mint their CBDCs. If they can created hyper inflation with fiat currencies, they will be able to do the same with CBDCs.

Buy all Bitcoin? Governments can be the buyers but the crowd will be the sellers. Governments can buy with fiat currencies and they don't have to launch their CBDCs in order to accumulate all Bitcoin.

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And will you as a trader use the CBDC coin?

Sure. I will. If you don't do money laundering, CBDC from the US. government can be better than Tether USD.

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