I've Read UNSCRIPTED
- Feb 8, 2019
I would speculate to be a different use case. More of emulation than competition.In a Wednesday FEDS Notes, Fed officials laid out the pros and cons of a U.S. central bank digital currency (CBDC), or digital dollar.www.coindesk.com
If I am in South America or Africa where hyperinflation and expensive cross border payment is an issue , my best option previously was cryptocurrency of choice. Now I rather hold digital dollar. The local government cannot impose capital control on it.
If I am a cryptocurrency speculator living in developed countries (this is where the big market is) I still hold busd or usdt for use as they are accepted as medium of exchange in speculation. I will invest in non-stable coins for appreciation. stable coins like busd and usdt have value because they facilitate the speculation of non-stable coins. Digital dollars have no special value proposition here.
Digital dollars are still fiat and need to be handled by a fiat gateway in the crypto-space.
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