Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies (Jonathan Levin/Bloomberg)

Jonathan Levin / Bloomberg:
Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies  —  Cryptocurrencies emerged in part as a protest against central banks flooding the global economy with money during the financial crisis 18 years ago.

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