Many governments are working on central bank digital currencies [0]. ERC20 tokens directly issued by the government onto crypto networks (such as Ethereum). Mos

Many governments are working on central bank digital currencies [0]. ERC20 tokens directly issued by the government onto crypto networks (such as Ethereum). Most assume they will be traceable and accounts will be KYC'd but there's hope that some governments will be better. This will encourage most banks to support these same crypto rails via their apps making sending the currency as easy as cash or you could hold it in your own wallet on your phone for self-custody. Once they are out there and on-chain it should be fairly easy for anyone to use them for payments if they don't care about privacy, or switch to another more private stablecoin if they do. Future wallets will allow seamless conversion between any of these coins and automatic bridging between any network. 0: - UK: https://www.bankofengland.co.uk/research/digital-currencies https://www.bankofengland.co.uk/research/digital-currencies - Australia: https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/ https://www.rba.gov.au/payments-and-infrastructure/central-b...