The whole obsession over the "digital economy" is starting to become boring. Every country must improve it's "brick and mortar" economy first, before it starts developing high tech industries. It looks absurd, if a country has a highly advanced IT sector, but at the same time, the highways and railroads are about the collapse and there's a higher level of unemployment among the not-so-educated people. The idea that stablecoins can "improve" an economy is ridiculous. The world uses USDT and USDC right now. Did they improve any economy around the world? Currencies are just a tool, no matter if we are talking about fiat, crypto or stablecoins. Currencies help in value redistribution, they don't create value out or thin air. Value is being created by human labor and ingenuity.
This reminds me of the early days of crypto. Back then, there were many hopes and dreams about crypto replacing or improving the mainstream economy. But so far, nothing has materialized yet. In fact, it's worst because now banks and governments will launch their very own digital currencies. This means more surveillance, more control, and less privacy + freedom to all.
Crypto didn't improve the economy, neither CBDCs will. The economy will improve based on the central banks and the government's actions. Everything's been going downhill ever since COVID-19 took the world by storm, so our hopes of a full recovery are bleak. We owe it all to corrupt politicians and the Elite class (wealthy people).
