CBDC may threaten stablecoins, not Bitcoin: ARK36 exec
Cointelegraph
Published Jun 24, 2022 09:03AM ET
Updated Jun 26, 2022 12:40PM ET
Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes.
According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, 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.
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Written By: Cointelegraph
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