KZG 口罩哥
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To be honest, this wave of central bank digital currency battles is quite interesting. The Federal Reserve is dragging its feet and reluctant to advance the digital dollar, while Europe is rushing to develop the digital euro to "curb de-banking solutions."
The underlying logic is clear: the traditional financial system is being eroded by the crypto world, especially the widespread use of dollar stablecoins globally has left Europe feeling anxious.
But I laughed; the substitution rate is so low. Do they really think that issuing a CBDC will stop the crypto wave? Let's take another look at the issues in the eurozone: unstable banking, high inflation, and sluggish economic growth. Instead of focusing on how to compete with cryptocurrencies, they might as well first improve their own economy.
Central banks' attitudes toward crypto have shifted from outright resistance to "if you can't beat them, join them." In the coming years, various CBDCs will be accelerated in their rollout, but whether they can truly shake the status of stablecoins and BTC, I remain skeptical.
After all, people choose cryptocurrencies not just for convenience but also due to a lack of trust in the traditional financial system.
The market value of stablecoins is also reaching new highs...
The underlying logic is clear: the traditional financial system is being eroded by the crypto world, especially the widespread use of dollar stablecoins globally has left Europe feeling anxious.
But I laughed; the substitution rate is so low. Do they really think that issuing a CBDC will stop the crypto wave? Let's take another look at the issues in the eurozone: unstable banking, high inflation, and sluggish economic growth. Instead of focusing on how to compete with cryptocurrencies, they might as well first improve their own economy.
Central banks' attitudes toward crypto have shifted from outright resistance to "if you can't beat them, join them." In the coming years, various CBDCs will be accelerated in their rollout, but whether they can truly shake the status of stablecoins and BTC, I remain skeptical.
After all, people choose cryptocurrencies not just for convenience but also due to a lack of trust in the traditional financial system.
The market value of stablecoins is also reaching new highs...
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