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Stablecoins vs CBDC: A Future of Coexistence?
The differing motivations behind Central Bank Digital Currencies (CBDCs) and Stablecoins make the future of digital currency increasingly complex and elusive.  

Regardless of whether it stems from an underlying motivation to promote financial inclusion or create interbank efficiency, MAS has been actively experimenting with blockchain technology and wholesale CBDCs through Projects Ubin, Dunbar and Orchid, making cross-border payments cheaper and more efficient. 

Two of the most widely known Digital Currency in the digital asset ecosystem are Stablecoins and CBDCs. Stablecoins such as USD Coin and Tether are tokens that offer a price stability through a 1:1 backing to fiat currency. In contrast, CBDCs are issued directly by governing authorities.

How does the two correlate and what are the future developmental trends of Stablecoins and CBDCs? Join us in the hybrid event hosted by the BAS Digital Currency & CBDC Subcommittee on 5 October 2022, 5pm to find out more!

Oct 5, 2022 05:00 PM in Singapore

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