We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?
Banks and the government adopt blockchain technology, maybe what you say is true. The government will definitely make their own digital currency, as did the Chinese state who want to make their own coins. The stable coin concept is more reliable for payment transactions than using fluctuating crypto. Inevitably it will surely threaten the current crypto market.