Quote from: Abiky on Today at 09:15:26 PM

Quote from: Stalker22 on June 06, 2025, 09:21:50 PM

Governments will never accept something they cannot fully control. Whether its CBDCs or stablecoins, control is the name of the game. The idea that governments would just adopt existing stablecoins and give up their role in monetary policy is naive. Why would they give that power to private corporations like Tether or Circle? They wont.

Governments will still be able to control stablecoins by manipulating the companies behind them. Lawmakers can draft regulations that would keep stablecoin companies in check. This way, stablecoins will serve as the de-facto digital currencies of the government.

I think that's the plan of Trump's administration. Ban the creation of a US CBDC, but indirectly support stablecoins and make them legal tender. The GENIUS act passed by Congress, tell us things are moving in this direction. I bet the EU will do the same, while China will drop its "e-CNY" CBDC in favor of a CNY-backed stablecoin. We can never tell what will happen in the future. So here's hoping for the best.

The whole thing hinges on whether the use of this will become mandatory, in the short term or ever. Even if they create it, it depends a lot on what will be done with it. Remember, almost all the favorite altcoin tokens have the same features as a CBDC. Freezing, upgrading, minting and so on. The only thing that is keeping it in check is the risk of reputation loss. Should it become a standard and pushed by the government, I can see a shift to centralized narratives and ideas that are completely contrary to the ideals behind Bitcoin.

Luckily for us, there is just one asset that nobody can do this to. Wink