Why Stellar will dominate the 80$ trillion dollar CBDC market
There are several reasons I believe Stellar is the network that ends up ruling the 80$ trillion CBDC market .
According to the CIA, the total amount is $80 trillion if you include “broad money.”
https://www.businessinsider.com/heres-how-much-money-there-is-in-the-world-2017-10?r=US&IR=T
“CBDCs was exactly the type of digital money Stellar was designed for,” said Stellar CEO Denelle Dixon, at a recent blockchain conference.
As Covid drives the world toward digital assets, what is the outlook for bitcoin and CBDCs?
Issuer Enforced Finality
https://www.stellar.org/blog/issuer-enforced-finality-explained?locale=en
Do not underestimate this one, basically central banks don’t want to end up in a classic ethereum, and ethereum, or a bitcoin, bitcoin cash, bitcoin gold, … kind of situation. Central banks think it’s super uncool to have to deal with USD Gold, USD Cash, and so forth. So we can likely exclude all DLT’s that don’t have the possibility of issuer enforced finality. A large win for Stellar
🔴Interoperability
Stellar makes it very easy to create, send and trade digital representations of all forms of money and convert between them on a single network, this will eventually be the way to convert money and all kinds of assets currency, stocks, gold, and so forth.
🔴Public and non-profit
If you think Central Banks are going to issue their CBDC’s where the foundation taking care of the network is for profit, think again. Here again Stellar aim for the stars and hits. I’d count many of the for profit initiatives as unlikely to get any CBCD’s released on them
‘Stellar has no owner; if anything it’s owned by the public. The software runs across a decentralized, open network …’
https://www.stellar.org/learn/intro-to-stellar
“I left Ripple in 2013. They didn’t take it into the right direction. What we wanted to improve is the way that the tokens are distributed. They also set it up as a for profit company. Can you imagine the internet as a for profit? it’s a mistake. So, Stellar was set up as a nonprofit…”
Jed McCaleb
Conspiracy Daily Update 