“I'm worried about a lot of these stablecoins and other cryptocurrencies,” Lynch said. “Do they go to zero when we come up with a CBDC that has the full faith and credit of the United States behind it?”

https://decrypt.co/122997/fed-chair-digital-dollar-send-bitcoin-to-zero

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Their full faith and credit is worth a lot less than they think.

Faith is exactly what we are removing from money with Bitcoin

Bitcoin: No faith needed. Away from credit slavery

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Lol

"full faith and credit" of a declining hegemon vs privacy. I wouldn't worry about it.

At most it could kill centralized stablecoins.

But I think even that is unlikely.

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