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Are Stablecoins CBDCs in Disguise? No
A growing concern has emerged in recent years that stablecoins are secretly central bank digital currencies (CBDCs) in disguise. This concern has grown significantly since President Donald Trump and Congress have become more supportive of stablecoins. There is certainly overlap between the two monetary technologies, but it’s important to keep the categories distinct. Only CBDCs involve governments having direct access and control over your financial activity by default. For that reason, stablecoins are no more CBDCs than mobile banking apps or debit cards. For any of these electronic payment mechanisms to be a ... (full story)