Not Only Crypto, Coinbase Will Also List CBDC - Kakiforex.com - Financial Market Media No. 1 in the World Not Only Crypto, Coinbase Will Also List CBDC Not Only Crypto, Coinbase Will Also List CBDC
InstaForex

March 24, 2021

Not Only Crypto, Coinbase Will Also List CBDC

 A crypto exchange, Coinbase is rumored to want to support the central bank’s digital currency (CBDC) by listing it if it meets the required standards.


The statement was revealed personally by Coinbase CEO Brian Armstrong in an Ask Me Anything session on Reddit as the firm counted the days before the Nasdaq listing in April.


Armstrong thinks the CBDC will get high response and major countries will start making detailed studies on its development.


As a result, Armstrong wants Coinbase to be a crypto exchange that supports CBDCs and stablecoins including DAI as long as it meets the listing standards outlined by their firm.



Coinbase will also consider adding a central bank -powered digital financial system.


For now, central banks around the world are still actively conducting studies on the CBDC. It is no exaggeration to describe the development of the CBDC as a global response to the development of the stablecoin ecosystem including Diem run by Facebook.


Among the countries that have led the 'race' is China. Meanwhile, the Bahamas has already launched a CBDC known as the Sand Dollar.


Meanwhile, the Federal Reserve based on a report uploaded by the Intraday team yesterday has begun to take seriously the importance of the CBDC for future use.