Is USDC Going To Become USCBDC and other money news
Money Geeks
English - November 22, 2020 13:49 - 28 minutes - 26.2 MBBusiness Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In today's episode, we take a look at what's happening in the broader economy before we switch over the crypto. First on the block (pun intended) is the retail sector failure to pay rent, which signals possible new wave of business bankruptcies, both in the retail sector as well as commercial real estate.
From there, we jump into taking a look at the credit scoring and how the algorithms are messing up, big time, boosting credit scores for those that likely have trouble paying.
Then we uncover the most recent hacks, one in DeFi and the other one with GoDaddy.
Finally, onto some speculation, looking to connect the dots on the money. The Fed has stated they are not going to spend time developing CBDC (central bank digital currency) any time soon. However, they are connected and monitoring the evolution of the stable coins and providing support for them. My bet, USDC may become the USCBDC and today I share my thinking (this is PURE SPECULATION on my part)!
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