The words of Andrew Griffith, member of the UK Parliament and HM Treasury Economic Secretary, about stablecoin:

"A stablecoin will likely serve as a 'first use case of what is likely to be a wholesale settlement coin' in the 'long runtime' leading up to the potential introduction of a central bank digital currency (CBDC)."

He also added that removing the banks as intermediaries, "certainly at the current evolution of the market, feels very premature."

Really? Premature or long overdue?


https://cointelegraph.com/news/uk-mp-says-stablecoin-is-a-gateway-to-cbdc-only-crypto-can-disrupt-settlements

#someeofficial
The words of Andrew Griffith, member of the UK Parliament and HM Treasury Economic Secretary, about stablecoin: "A stablecoin will likely serve as a 'first use case of what is likely to be a wholesale settlement coin' in the 'long runtime' leading up to the potential introduction of a central bank digital currency (CBDC)." He also added that removing the banks as intermediaries, "certainly at the current evolution of the market, feels very premature." Really? Premature or long overdue? https://cointelegraph.com/news/uk-mp-says-stablecoin-is-a-gateway-to-cbdc-only-crypto-can-disrupt-settlements #someeofficial
COINTELEGRAPH.COM
UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements
UK MP Andrew Griffith spoke to a parliamentary committee about the future of payment technologies and a potential British central bank digital currency on Jan. 9.
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