CBDC may threaten stablecoins, not Bitcoin: ARK36 exec By Cointelegraph
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CBDC may threaten stablecoins, not Bitcoin: ARK36 exec. CBDCs do not pose any direct threat to cryptocurrencies like (BTC) but are still associated with risks in relation to stablecoins. A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a private or a decentralized cryptocurrency, says Mikkel Morch, executive director at the digital asset hedge fund ARK 36. Morch: CBDC doesn't pose any threat to private or decentralized cryptocurrencies like Bitcoin, but it may still pose a threat to stable coins like Bitcoin and stablecoins like it does to private currencies like Bitcoin. Read more from the Coin Telegraph here: http://www.co.uk/ank36 Source