Post
Topic
Board Economics
Re: Are CBDCs good for the economy?
by
avikz
on 11/08/2022, 15:41:57 UTC
The stable digital currencies, also known as CBDCs have been gaining popularity in the last two years, especially after 2021 bull market.

Please get your understanding right! CBDC is a government released currency while stablecoins are cryptos. Both are structured in different ways.

CBDCs are definitely beneficial for the issuing government in multiple ways. But for citizens, it's an issue for their privacy. They will have convenience obviously, but the financial privacy will be gone forever. Only time will tell how much successful they will become.