Although Allaire views stablecoins as a superior option to CBDCs, he said the two are complimentary. “If central banks are going to upgrade their own systems to move away from legacy technology into more modern distributed ledger technology, that’s great,” he told SCMP. “There’s a whole bunch of things that are useful from that, but I view that as very different than the work that the private sector does to innovate on the public internet.”
Related posts
-
Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip
Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in... -
Crypto Exchange Coinbase (COIN) to Delist Unauthorized Stablecoins in EU by December
Coinbase, the second biggest exchange, after Bybit, according to CoinGecko data, has been racing alongside other... -
Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy....