Yes interesting but risky at the same time Centralized stablecoins that are under the authority of the government will be worse than fiat in my opinion it is true that it is backed by the government and by real assets but on the other hand there is no privacy and your money can be held by the government without No apparent reason.
Isn't that what CBDC basically is? I believe it will happen eventually, government wants easier control at the end of the day. Not sure how other countries would apply it but I doubt cash will go anytime soon, so that is still an option. But yeah, it is hard to not feel that banks/governments will freeze your money anytime they wanted to, especially if you have limited options to store your wealth.
SEC wouldn't look at this different from paxful releasing that BUSD for binance don't you think?
Binance also have those USD on paxful which binance does have real USD on them.
I believe so. They just started suing more changes and claiming more tokens are securities, so I doubt they will let anyone issue digital USD without their approval at all. Would be interesting if they tried to fight other countries to make sure they can control everything.