HomeCoinsTether (UDST)Bank of America Says US CBDC Would Preserve Dollar’s Status as World’s...

Bank of America Says US CBDC Would Preserve Dollar’s Status as World’s Reserve Currency

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Stablecoins are likely to see an increase in usage in the absence of CBDCs, the bank noted, adding that the two largest by market value, tether and USD coin, had a combined market value of around $121 billion as of Jan. 21. Their use as a means of payment is increasing, particularly for cross-border remittances, the report said, as they are faster and cheaper than using fiat currency.



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