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Stable coins and CBDCs serve different use cases
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fnlondon.comSometimes labelled as a crypto killer, central bank digital currencies could actually complement not compete with stable coins, digital assets pegged to a fiat currency.
“In some future circumstances, CBDC could coexist with and be complementary to stable coins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” said Lael Brainard, vice chair at the US Federal Reserve in testimony to Congress on 26 May.
Though...
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