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Opinion: CBDC will bring stability to the Defi sector
CBDC can interact with decentralized finances (Defi) and provide the sector with greater stability. This opinion was expressed by a member of the board of the National Bank of Switzerland (SNB) Thomas Moser in an interview with Cointelegraph.
According to him, centralization and decentralization in digital currencies “can work together”. As an example, he cited USDT and USDC stablecoins.
“Therefore,“ something centralized ”has already helped Defi https://gagarin.news/ua/news/purchasing-electronics-for-cryptocurrency-with-white-pay/ ,” Moser said.
However, the digital currency of the Central Bank wins on “stable coins”, because “does not entail the risk of a counterparty,” added a SNB representative. He noticed that cryptocurrencies like bitcoin and Ethereum are not suitable to support the steady growth of Defi due to volatility.
“Algorithmic stablecoins also do not entail the risk of a counterparty, but so far we have not seen successful [projects]. CBDC can provide greater stability and less risks, ”Moser noted.
Earlier, the chairmen of the leading central banks called the strengthening of the regulation of the decentralized finance sector against the backdrop of its development.
Recall that in August the head of the Central Bank of Finland Olli Ren criticized cryptocurrencies and said that CBDC has immunity to volatility and they can be unconditionally trusted.
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