Let's hypothesize
What if stablecoin(not CBDC) becomes a legal tender in sovereign state? After all a state is an abstract form, d soverign power is vested with d people.
What will happen to CEX if stablecoins become legal tender like cash
Let's hypothesize
What if stablecoin(not CBDC) becomes a legal tender in sovereign state? After all a state is an abstract form, d soverign power is vested with d people.
What will happen to CEX if stablecoins become legal tender like cash
Citizens of that sovereign state will be banned from US and EU CEXes for whatever ridiculous reason that can be found. They want their fiat gates tightly surveyed and controlled, and that poses a threat to their gate mechanism.
They will die
Can't people just cash their stablecoins back into USD and then into whatever fiat currency is used in their jurisdiction?