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A comment on Crypto lending company Babel Finance halts redemptions and withdrawals. Parent comment

Re:Crypto lending company Babel Finance halts redemptions an... by icu on Friday June 17, 2022 @08:51AM (#31777340)
I kind of agree, but at the risk of being completely wrong, I think in the future central banks, or global financial institutions backed by central banks, are probably going to be the issuers of stable coins.
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Re:Crypto lending company Babel Finance halts redemptions an... by GTP on Friday June 17, 2022 @09:02AM (#31777483)
...And then we're back to fiat currency again.
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Re:Crypto lending company Babel Finance halts redemptions an... by rvz on Saturday June 18, 2022 @12:09AM (#31787197)
Yes. No single cryptocurrency replacing and taking over the entire financial system or a complete destruction of all cryptocurrencies.

Instead having both a co-existence of stablecoins like USDC on multiple blockchain technologies and CBDCs operating on the same form of blockchain and DLT.

Only the blockchains that fit those requirements of ISO 20020 will indeed continue to survive. A disappointing and upsetting result for both the absolutist crypto-maximalists and the absolutist anti-crypto crowd.

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