Community Trust ScoreVerified
- Federal Reserve CBDC discussion paper is out.
- CBDC guidebook for policymakers and regulators
- Community reaction about XLM price
Denelle Dixon, CEO Stellar Development Foundation expressed: The long-awaited Federal Reserve CBDC discussion paper is out. First reaction: I had hoped this would be more of a jump forward for CBDC development in the US, but it still has us circling back at square one.
With any big decisions punted for the time being, as the Fed made it clear this needs to be a collaborative process with the executive and legislative branches. I’m all for collaboration and want to see more of it.
Second reaction: the considerations they present, both for the benefits and the risks of CBDCs, are thoughtful, relevant and even better, they want to address these further by working with industry (music to my ears, let’s go)
As we join the discussion, I’m hopeful that we can push for quicker next steps, and help educate regulators and Congress on the benefits of CBDCs and how we can implement them in a responsible way that helps citizens and reduces inequality.
Like addressing the high costs of cross-border remittances from the U.S. to help individuals and small businesses alike.
Good thing Stellar Org has already done a lot of the leg work. ICYMI this week we released a CBDC guidebook for policymakers and regulators!
Community Reaction: If cryptos are designed to be decentralized, then why does news like this even matter? Surely, a truly decentralized DAO is owned, run and governed by its supporters/ investors of the network. Ans: Agnostic to any regulatory/ political matter.
Other than Stellar XLM to date, all words, no facts, the accounts do not come back to me. Why the price of Stellar falls and never increases. Yet, many recently born projects have had an increase. It has not managed to touch even a dollar compared to brave, MATIC etc.
Why people are surprised, whoever makes the last move dictates the space going forward. USA will stall everything out to the last minute to maintain the final say on everything. Nothing new.
About 8 years have passed and you are still talking about projects and communications, etc. Who has invested in you and believes in your project, but the accounts do not return to being able to demonstrate to their interlocutors it is not just the press releases, but the facts?
The change you are expecting to the financial system historically occurs suddenly. Expecting financial authorities to lay out exactly when and how it happens is not their M.O. Usually spurs from some type of crisis. Not projecting changes prevents a chance towards wealth for us.
