What are the key differences between CBDCS and other stablecoins in terms of their underlying technology and governance?

3 answers

• Feb 17, 2022 · 3 years ago
  Certainly! When it comes to technology, CBDCs are typically built on centralized systems controlled by central banks. These systems are designed to ensure security, privacy, and scalability. On the other hand, other stablecoins like Tether or USDC are often built on blockchain technology, which is decentralized and transparent. In terms of governance, CBDCs are subject to the regulations and policies set by the central bank, while other stablecoins may have different governance models, such as being governed by a foundation or a consortium of companies.
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• Feb 17, 2022 · 3 years ago
  The key differences between CBDCs and other stablecoins lie in their underlying technology and governance. CBDCs are usually built on centralized systems, allowing central banks to have full control over the currency issuance, transaction monitoring, and security. In contrast, other stablecoins like Dai or TrueUSD are built on decentralized blockchain networks, which rely on smart contracts to maintain stability and transparency. In terms of governance, CBDCs are governed by central banks, while other stablecoins may have decentralized governance models where token holders have voting rights.
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• Feb 17, 2022 · 3 years ago
  Well, when it comes to the underlying technology and governance, CBDCs and other stablecoins have some notable differences. CBDCs are typically built on centralized systems, which means that the central bank has full control over the currency. On the other hand, other stablecoins like USDT or BUSD are often built on blockchain technology, which is decentralized and transparent. As for governance, CBDCs are governed by the central bank, while other stablecoins may have different governance models, such as being governed by a foundation or a decentralized autonomous organization (DAO).
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