[dageshi]

Hmmm, wouldn't the CBDC be safer than any other place to put your money? So in a crisis, wouldn't you sell everything and put it in the CBDC including potentially government bonds precisely at the time the government probably needs to borrow cheaply?

That seems like a recipe for disaster to me.

[danialtz]

Indeed, financial stability and crisis models are the transformation studies several central banks and also stablecoins like Celo undertake to understand how introduction a new monetary instrument would solve some issues and affect others. Short answer is it’s too early to say since it’s a tech-push innovation sped up by demand-push of pandemic and global players.