Cryptocurrency Q&A
Is CBDC a coin?
Is CBDC a coin?
CryptoElite
Fri Nov 01 2024
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7 answers
1300
I'm confused about the concept of CBDC. I've heard it's related to digital currency, but I'm not sure if it's similar to the coins we use in our daily lives. Can someone clarify if CBDC is a type of coin or not?
7 answers
Carlo
Sun Nov 03 2024
Unlike other cryptocurrencies, the value of a CBDC is not determined by market forces.
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EthereumLegend
Sun Nov 03 2024
Instead, its value is fixed and equivalent to the country's traditional fiat currency.
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SakuraBloom
Sun Nov 03 2024
This means that a CBDC maintains a stable value, backed by the central bank's authority.
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CharmedClouds
Sun Nov 03 2024
A central bank digital currency, or CBDC, represents a unique type of digital money.
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EtherWhale
Sun Nov 03 2024
This form of currency is issued directly by a country's central bank.
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