CBDC or Stablecoins... Is That Even the Question?
summary
A colleague quickly minted a CBDC on an EVM private chain and then created a GBP stablecoin tied to that reserve, using it to buy yeast, convert to USDC, send cross‑border lunch money, buy a fractional carbon credit and mint an NFT, showing functionality today. Regulators split — MiCA strict, US likely bank‑only issuers, UK allowing banks and nonbanks — while banks (over 20 banks in talks) and pilots like ANZ’s A$30M transaction point to bank‑issued stablecoins, wholesale CBDCs and eventual retail digital banknotes.
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chapters (9)
- 0:00Central banks exploring digital currencies
- 1:54CBDC core responsibilities
- 3:39Stablecoin regulation risks
- 5:25Stablecoins trust advantage
- 7:13Stablecoin payments benefits
- 8:20Retail CBDC privacy interoperability
- 9:22Global CBDC pilot programs
- 11:05Non-G7 CBDC innovation lead
- 11:46Wholesale CBDC vs stablecoins
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