CBDCs could be the next big thing for governments and financial institutions. - cc: everscale_net cbdc digitalcurrency
can be considered the world's first CBDC that has gone into production. However, over the last decade, there were a series of events that led to the revival of interest in CBDCs. During the period of 2010-2021, there was a deterioration of US Treasures as a reserve asset. In 2020, COVID presented the US with the need for “helicopter money” for stimulus checks, resulting in afor everyone.
DeFi will still flourish to expand its list of services and lead innovation initiatives, so its applications will always have an active audience. And CBDC comes to solve a specific problem in a specific sector of the economy. CBDC isn't going to cancel decentralization, as its primary task is to improve a specific sector, that being the traditional banking system. This means that there shouldn’t be concerns with regard to the development of CBDCs, as they should not affect DeFi in any way, shape, or form.
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