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It's not clear to me why a major central bank would be interested in establishing a distributed currency that competes with their own centrally-managed currency
by boole1854 4y ago
It's not clear to me why a major central bank would be interested in establishing a distributed currency that competes with their own centrally-managed currency.
Maybe it sort of possibly makes sense for a central bank in a small country where the politics are such that policy makers have decided to compete for the attention of the crypto industry. But a major central bank?
- axg11 4y agoUSD collateralized stable-coins are happening whether central banks participate or not. I think the advantage for a central bank would be to bring stability and increase demand for the underlying asset (the centrally controlled currency).