It's not just places with hyperinflation. It's any country. Why should anyone be restricted from holding USD or have to pay crazy fees to buy dollars?
> I agree that a centralized US dollar CBDC that isn't run by scammers would be a simpler way to do this.
I don't think it's a stretch to imagine that the government would ban all other stable coins and strictly control what "valid commerce" is allowed to be done with the centralized coin (see Operation Choke Point)
> I agree that a centralized US dollar CBDC that isn't run by scammers would be a simpler way to do this.
I don't think it's a stretch to imagine that the government would ban all other stable coins and strictly control what "valid commerce" is allowed to be done with the centralized coin (see Operation Choke Point)
https://en.wikipedia.org/wiki/Operation_Choke_Point