Quote from: Thehallows on August 27, 2023, 07:47:17 PM

Stablecoins have become a dominant force in the payments industry, settling over $11 trillion in value in 2022, according to a report by Brevan Howard. The report highlights that stablecoin adoption remained strong despite capital outflows from the crypto market. The majority of non-speculative activity in stablecoins is driven by fiat-backed tokens such as USDT, USDC, BUSD, and TUSD. Stablecoin volumes only fell 11% since December 2021, while weekly transactions increased by 25%. The total value settled through stablecoins last year approached that of Visa's $11.6 trillion figure. Ethereum accounts for 50% of stablecoin volume but only 3% of total transactions due to high transaction fees. Tron and Binance Smart Chain account for 75% of stablecoin transactions and 41% of volume. Tether's USDT dominates the stablecoin market, accounting for 69% of supply, 80% of weekly active addresses, and 75% of transactions.

Stablecoin and now unstable Yes. volatile markets, with exchange rates that can fluctuate wildly during the day, and sometimes hourly meaning stablecoins are still risky cryptos.

Quote from: virasog on Today at 03:09:13 AM

The CBDC is one step in this case where every country will have its own stablecoins (which will be fully in control by the governments). Similarly, the big companies are also trying to introduce stable coins for example Paypal PYUSD. etc
These are all the steps forcing people to leave bitcoin and keep money in centralized control stable coins.

Yes. I think like you say. CDBC is issued and its circulation is controlled by the central bank, and is used as legal tender to replace currency by the government and their assumptions. Because there are advantages offered and many countries are interested in developing CDBC and it has doubled during the pandemic. If I'm not mistaken Currently there are 9 (nine) countries that have fully implemented CDBC, namely Nigeria, Bahamas and 7 countries in the Caribbean Islands. But, I don't think that will make BTC falter as of now. Its good reputation and large user base have strengthened it as a leader till now.