Perhaps we should first find out how effective the China cbdc so far since it was launched then you can draw up some ideas what will happen in other countries if cbdc is introduced,
To me it will same as any other government owned project which is heavily centralise and control the people, however, if people are given the option to choose between cbdc and other crypto, many people won't bother about cbdc.
it's not up for the people to chose but the government. if the government of the country will have their cbdc, the people in this country will use cbdc obviously. you can only wish they allow crypto as well.
china will have the advantage to dominate in the future because they are the first to have a working cbdcThis is wrong, see my above
post. Adopting a CBDC will prevent commercial banks from being able to lend, which will prevent companies and individuals from being able to borrow money, which will grind their economy to a halt.
I would love to see China try to implement a CBDC, as it will delay or even prevent them from being able to take over the world. China wants to issue a CBDC in order to impose further control over their citizens, but I believe this will backfire spectacularly.
Stable coins currently have a certain level of risk, (as do bank accounts with commercial banks), and this is not the case with accounts with the central bank.
There's nothing about a CBDC that stops lending based in the CBDC. It doesn't even prevent fractional-reserve banking. If anything, it would give the government a lot more information about the level of money supply expansion in real time as the all the data would be available as it happens. The information would help inform monetary policy.