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Stablecoins Vs. CBDC: Will it Effect Crypto Markets a Year from Now?

by CBDC Insider Staff
July 18, 2020
in Business
Reading Time: 1min read
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Stablecoins Vs. CBDC: Will it Effect Crypto Markets a Year from Now?
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USD backed Stablecoins have overtaken the transaction volume of Bitcoin and Ethereum. Moreover, analysts are also witnessing a wind of change towards Central Bank Digital Currencies (CBDC). As FIAT money begins to compete with crypto directly, there is massive uncertainty on its effect on Bitcoin.
The stablecoins are leaving begin crypto in trading volumes and even velocity. It measures the rate of turnover of supply, and stablecoins have had larger units supplied in the last one year. A combined report by Coinmetrics and Bitstamp reveals.

Continue read:https://cryptonewspipe.com/2020/07/18/stablecoins-vs-cbdc-will-it-effect-crypto-markets-a-year-from-now/

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