The degree of ideological doublethink here is bizarre. As far as I can tell:
- Crypto is good
- Fiat currency is bad
- Except the US dollar, which is good
- So US-dollar backed stablecoins are also good
- But we can't have the Fed operate a stablecoin, that would be bad
CBDC = Central Bank Digital Currency. Can we edit the title accordingly?
The degree of ideological doublethink here is bizarre. As far as I can tell:
- Crypto is good
- Fiat currency is bad
- Except the US dollar, which is good
- So US-dollar backed stablecoins are also good
- But we can't have the Fed operate a stablecoin, that would be bad