Here's Why CBDCs Could Outshine BTC, Ethereum, and Other Private Cryptos

In a significant revelation, Singapore’s central bank chief, Ravi Menon, asserted that private cryptocurrencies failing the fundamental tests of financial services are destined to exit the monetary stage. According to a recent Bloomberg report, Menon predicts a future financial landscape dominated by three key elements: central bank digital currencies (CBDCs), tokenized bank liabilities, and well-regulated stablecoins.