CBDCs will not impact private stablecoin market, says Tether CTO By Cointelegraph

Paolo Ardoino, the chief technology officer at , believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.

Ardoino shared his two cents in a Twitter (NYSE:) thread on the growing discussion around CBDCs and what their role could be in the current payment system. He said CBDCs would only replace the age-old centralized payment networks as SWIFT and use private blockchains to fulfill most transactions.