Quote from: Abiky on April 09, 2021, 06:20:01 PM

This is the most likely path governments will take to end paper money once and for all. A digital ledger controlled by central banks will prove to be extremely convenient for mainstream governments. Imagine what these entities will be able to do with your money with a system they can control from top to bottom. It'll be possible to freeze, delete, and deny account access with ease. The new Fiat system will bring increased surveillance and the end of privacy as we speak. While stablecoins provide a certain level of freedom, they might not last for long as governments crackdown on the industry. Only truly decentralized cryptocurrencies like Bitcoin and Ethereum will stand the test of time. Who knows what the future will look like with CBDCs and crypto in play?

Nonetheless, I believe that stablecoins are nothing more than experimental grounds for a future version of digital Fiat. Once CBDCs are launched to the public, expect stablecoins to go all the way down the drain. At least, you'll be able to enjoy the benefits of stablecoins while they last. As a last resort, you can cash out crypto to real Fiat using any exchange of your choice. No matter if stablecoins survive or die in the long run, the crypto/Blockchain industry will carry on as usual. Just my opinion

In my opinion, a very correct and detailed answer to a question that the OP asked others, but which he answered himself. Indeed, at the moment when CBDCs become widespread, they will displace the existing centralized stablecoins from circulation, because there will be more trust in them. But decentralized stablecoins will gain popularity among participants of the cryptocurrency market.