Blockstream CEO: CBDCs Are Worse Than Bank Accounts and Cash

The chief executive officer of blockchain technology company Blockstream says people are better off using fiat currencies or stablecoins than holding central bank digital currencies.

“Stablecoins [are greater than] CBDCs. In fact, CBDCs are systems of control, worse than bank accounts, certainly worse than paper cash, worse than stablecoins, and much worse than Bitcoin,” said Blockstream CEO Adam Back.