The Rise of Stable Assets: A Better Alternative to Central Bank Digital Currency

04/25/2023 06:10 • NFT Newsflash • 122 views

On April 25th, Cointelgraph reported that in providing stable value, stable currency and Central Bank Digital Currency (CBDC) seem to be two sides of the same coin. However, encrypted stable assets can provide completely different use cases, and CBDC cannot compete with them at all. The key is programmability, as smart contracts can automate and add new features to currencies. Programmability allows for asset support and decentralization, which is not possible in current CBDC design. Developers should leverage the programmable opportunities provided by stable assets, rather than attempting to compete with CBDC.

Viewpoint: Compared to CBDC, the key advantage of stable currency lies in its programmability

Introduction

– Explanation of the article’s topic
– Brief explanation of Stable Assets and Central Bank Digital Currency
– The importance of this topic

What Are Stable Assets?

– Definition of Stable Assets
– The different types of Stable Assets
– Advantages of Stable Assets over traditional cryptocurrencies

What is Central Bank Digital Currency (CBDC)?

– Definition of CBDC
– How CBDC works
– Advantages and disadvantages of CBDC

The Debate: Stable Assets vs CBDC

– The similarities and differences between Stable Assets and CBDC
– How Stable Assets can provide completely different use cases than CBDC
– The key difference: Programmability

The Importance of Programmability in Stable Assets

– What is Programmability
– How it allows for asset support and decentralization
– Why Programmability is not possible in current CBDC design

Developers Should Leverage Programmable Opportunities in Stable Assets

– The benefits of leveraging Programmable opportunities
– Encouraging developers to focus on Stable Assets rather than competing with CBDC

Conclusion

– Summary of the key points discussed in the article
– Future outlook on the role of Stable Assets in the digital currency landscape

FAQs

1. What makes Stable Assets better than other cryptocurrencies?
2. Can Stable Assets replace CBDC entirely?
3. What kind of programmable opportunities are available with Stable Assets?

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