Almost all countries, especially central banks globally, are busy with preparations for digital currencies issued by central banks. In fact, according to a survey by the Bank for International Settlements, almost 90% of central banks are heading towards Digital Currency and some have even been piloted.
However, regarding the chosen digital currency, it turns out that there are various kinds of different responses from each country. Some prefer privately issued Tokens such as USDT, USDC and others which we usually call Stablecoins. For example, the Governor of the Australian Central Bank Prefers Privately Issued Tokens Over CBDC.
and the CEO of the Hong Kong Monetary Authority, Eddie Yue, also agrees with the opinion of the Governor of the Central Bank of Australia, Phillip Lowe, who says that regulated Private Tokens (Stablecoins) are better than Central Bank Digital Currencies (CBDC). this was expressed directly by Philip Lowe at the G20 Event. perhaps there are many from other countries who agree with Philip Lowe. (Note:
The G20 is a multilateral cooperation forum consisting of 19 major countries and the European Union (EU). The G20 represents more than 60 percent of the world's population, 75 percent of global trade and 80 percent of the world's GDP.however disaster that befell TerraUSD may be a consideration and influence the choices of various countries when deciding between a stablecoin or a CBDC.
what is your view regarding this issue. If you as a citizen of a country are given the opportunity or are invited to choose which digital currency your country will use, which one would you prefer between Stablecoin and CBDC?
Reference sources news and images :
https://beincrypto.com/
https://nocash.ro/cbdc-and-stablecoins-early-coexistence-on-an-uncertain-road/