Commentary

Andreas Dombret: Why central bank digital currencies could threaten crypto

CBDCs are set to make stablecoins largely redundant

After multiple failures, investors might have more faith in government-issued coins than private alternatives
After multiple failures, investors might have more faith in government-issued coins than private alternatives Photo: Justin Tallis/Getty Images

Andreas Dombret is a former executive at Germany's central bank and a global senior adviser with Oliver Wyman

It was the Stanford University computer scientist Roy Amara who is credited with saying we overestimate the impact of new technology in the short-term, but underestimate innovation in the long run.

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