💸 Stablecoins vs CBDCs

Digital money is splitting into two tracks: market-driven stablecoins like USDt on TON, and state-issued CBDCs.

Stablecoins live on public blockchains and are already moving value through trading, DeFi, remittances, and payments.

CBDCs run on permissioned rails with central banks controlling issuance and data.

Regulation, reserves, and privacy trade-offs will decide how far each model can go.

How these choices play out will shape which form of digital money powers everyday payments and cross-border flows.

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