Quote from: Furious 7 on December 30, 2019, 12:06:08 PM

Quote from: Bttzed03 on December 30, 2019, 06:54:52 AM

Quote from: Furryball on December 30, 2019, 05:29:15 AM

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?

They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.

So the coins will indeed be stable and cannot be traded on the exchange? is that true, it means there is no partner to btc, eth etc.
Maybe central bank coins will be used only for transactions or used in applications that they apply in their region, but I don't know which bank has set up their own coins.

Here's an example of a bank issued stable coin https://www.bworldonline.com/unionbank-launches-stablecoin-phx-for-use-on-its-blockchain-platform/
It's not a central bank but you can already see how these centralized coins will be used exclusively.