One thing we have to be clear about is how people introduce crypto into their daily lives. There has been a high increase of the use cases of Bitcoin (BTC) and the other altcoins in the market. However, its volatility and many of the recent events that happened on the crypto industry, its noteworthy people are afraid to believe in a sustainable future with it. Of course, they are wrong.
Going deeply to the Stablecoins use cases, it's something revolutionary, transcends barriers of countries locals' currencies for everyone around the world. But why people trust them so much?
A coin that is capable of maintaining a stable price, is accepted in every country, and the possibility of sending that money to anyone are the kind of things make the stablecoins a perfect currency.
WHY YOU CAN'T TRUST IN A CBDC
Central Bank Digital Currencies (CBDC) are the total opposite of what we are looking for in cryptocurrencies, Decentralization.
Governments are trying to implement this project to maintain their control of the population. With CBDC, governments are responsible for its emission and security, something that is currently happening with FIAT. They are so different from our decentralized stablecoins
Imagine that they will able to do the same things as they do in current banks account, they could reject your transactions, don't let you take out your money whenever you want, also, they can increment fees just by mantaining those CBDC in your wallet.
Still, they are trying to find ways to not let people be free with their money, because that would give them less control over us.
FIAT AND STABLECOINS
I asume that both can live together, none have to beat the other, but it is true thar I prefer one thousand times an algorithmic stablecoin than a FIAT backed stablecoin, because the point of this decentralization is to be a totally different aspect than FIAT currency. In some ways that backed reverse can give you more confidence by knowing that your money is somewhere safe and not in just a piece of code, both we both also know that isn't happening as well.
They play with your money too, just that they are not strict like a bank. Just because of that algorithmic stablecoins are my favorite.
Of course, there are bad things that happened like the scam of LUNA and UST, situations that stain the name of cryptocurrencies, but we have to also know that we are just in the first steps of this incredible industry, there are no doubt that in the future stablecoins will rule the world transactions.
The best option is to start reading and learning how to use it.
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