Additionally, it's a stablecoin — making it more unattractive because you simply can't use it to do defi activities or degen directly. But Goodluck to the Govcoin team.
Actually you have a point. If someone got involved in altcoins then whats to be excited about a stablecoin function that only served as legit as it belong yo the government, maybe I still pick altcoins over it isnt it more attractive especially to those who are into it and earning already?
Yes. The only reason why stablecoins like USDT and USDC are widely used is because they have plenty of usr cases especially when it comes to DeFi (which is a lot) or just simply for hedging. That's the kinda features that can get people to care about a stablecoin. For CBDC, there's too much limitations. E.g: Only users in the jurisdiction of that particular jurisdictions can utilize it for the rest of us, no utility — no price changes that we can speculate on except the CBDC depegs and we can short