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@ gladstein
2025-05-09 17:28:10
Legacy US dollars are NOT CBDCs
The Fed does not directly issue digital cash to the population right now
It issues cash (not a CBDC) and otherwise private corporations issue dollars
Tether is not a CBDC for many reasons but primary amount them is that it does not require ID to use
The central purpose of a CBDC is to surveil and track and control and this isn’t possible to do if you don’t know who is using the money
If Tether starts requiring KYC then maybe it can morph into a CBDC but then it loses most of its global value proposition
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