Fiat currencies are used to not backed by a commodity.
However, the IMF does acknowledge to cryptocurrency after fleeing the to occur more rapidly in the emerging "metaverse" that could the money to survive.
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What's a Token? Treating stablecoins like banks could also mean providing safety nets such as deposit insurance and Fed liquidity backstops. CBDC would present similar pros and cons. These include white papers, government data, original reporting, and interviews with industry experts.
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