Could the USD become crypto itself?

[Grant]

I doubt this is possible, but what if you could use USD as crypto? Or maybe one day the US will start their own crypto that coincides with the the American USD.

Who's to say the USD will be popular in the next 10 or 20 years. Is it even possible to go from the USD to crypto?

 

[Mayorla]

I don't think the USD can become a Crypto in the future. The USD and Crypto currency do not share the same features. But I believe it is possible for the US Government to create a stable coin backed by the USD.

 

[Yohanna]

It's not going to be possible for USD to become cryptocurrency because the USD is a centralised currency compared to the cryptocurrency that is a decentralized currency.

 

[Syldan]

Actually the USD, has been one of the valuable and most influential currencies in the international market over the years but I don't really think it can be possible to compete with the cryptocurrency.

 

[Yohanna]

Actually the USD, has been one of the valuable and most influential currencies in the international market over the years but I don't really think it can be possible to compete with the cryptocurrency.

I am not going to support your submission on this because USD is accepted more than cryptocurrency in the world and it is far better than cryptocurrency as we speak.

 

[Jonaville]

I doubt this is possible, but what if you could use USD as crypto? Or maybe one day the US will start their own crypto that coincides with the the American USD.

Who's to say the USD will be popular in the next 10 or 20 years. Is it even possible to go from the USD to crypto?

We now have the digital USD which means that it is likely for USD to be a cryptocurrency very soon. It is also for our advantage because it is a stable currency

 

[Riberet19]

In July I heard that the pilot project by the federal reserve called FEDNOW is coming out, I think it is a kind of CBDC as I said in an initial phase, so we can already see what their intentions are, it will not be what we know as cryptocurrency, but it will have some blockchain technology.

 

[Joy123]

It is not easy to predict the future of crypto currency but it is clear that crypto is one of the most important inventions of our time, it has the potential to change the way we do our transactions and the way we think about the monetary system in general.

 

[Emmy]

USD is quite different from crypto currency in terms of many features such as nature, values, users, market movement, political effect. USD is a fiat currency that can be used both physically and virtually. it is controlled by their government and stable in nature. Whereas crypto currency is a decentralized currency that is volatile in nature and can be used by anyone that adopt it.

 

[Imran_Noori]

It is possible because some countries are trying to launch their own cryptocurrencies as CBDC which is opposite of what crypto is invented for.

 

[Danny4cash]

Usd is real, physical cash that is used in America or other part of the world for purchasing an item. Crypto 9n the other hand is a digital currency that is used online to buy product and service. Crypto is mine by miners that make use of sophisticated software. There's actually a limit to the amount of crypto that can be mine in a day. My point is, the two, usd and crypto, are not the same. And I don't usd can become crypto.

 

[Laurentta]

I doubt this is possible, but what if you could use USD as crypto? Or maybe one day the US will start their own crypto that coincides with the the American USD.

Who's to say the USD will be popular in the next 10 or 20 years. Is it even possible to go from the USD to crypto?

I also doubt this is possible. I do not think that it is possible to go from the USD to crypto. I also do not think that there would come a time when the US will start their own crypto that coincides with the American USD.

 

[Yohanna]

I also doubt this is possible. I do not think that it is possible to go from the USD to crypto. I also do not think that there would come a time when the US will start their own crypto that coincides with the American USD.

In actuality, it is practically impossible for USD to become a cryptocurrency because cryptocurrency is best measured in USD. Significantly, the USD is a world reserve and cannot be compared to cryptocurrency.

 

[Laurentta]

In actuality, it is practically impossible for USD to become a cryptocurrency because cryptocurrency is best measured in USD. Significantly, the USD is a world reserve and cannot be compared to cryptocurrency.

You are right. The USD is a world reserve recognized all over the world but cryptocurrency is not recognized in all countries. It's really impossible for the USD to become a cryptocurrency.

 

[Mostee501]

It is technically possible for a fiat currency like the USD to transition into a digital or crypto form, there are several considerations and challenges involved in such a transformation.

 

[Heatman]

I doubt this is possible, but what if you could use USD as crypto? Or maybe one day the US will start their own crypto that coincides with the the American USD.

Who's to say the USD will be popular in the next 10 or 20 years. Is it even possible to go from the USD to crypto?

Don't we have USDT already? It's the same thing we the USD currency, so I can say that we already have in in the stable coin a USD equivalent in the cryptocurrency sphere. I can't say much about other currency like Euro or Pound having a stable coin of its own.

 

[Henrywrites]

I don't think the USD can become a Crypto in the future. The USD and Crypto currency do not share the same features. But I believe it is possible for the US Government to create a stable coin backed by the USD.

The USDT is a stable coin that have been in the crypto currency market. That is the coin that reflects the value of the USD at the moment and what a lot of crypto enthusiasts use to save their investments when they are worried about the bearish phase.

 

[Heatman]

The USDT is a stable coin that have been in the crypto currency market. That is the coin that reflects the value of the USD at the moment and what a lot of crypto enthusiasts use to save their investments when they are worried about the bearish phase.

PayPal USD is another stablecoin that's fully backed by US dollar deposits and it's going to have the same value and impact like the USDT we already have in cryptocurrency. It's acronym is PYUSD and it can be bought, held, sold and transfered on PayPal app and their website. I'm not sure if it's available in Coin Market Cap or Binance exchange.

 

[Nomad]

Don't we have USDT already? It's the same thing we the USD currency, so I can say that we already have in in the stable coin a USD equivalent in the cryptocurrency sphere. I can't say much about other currency like Euro or Pound having a stable coin of its own.

USD is a fiat currency of the United States Government, USDT is a stable coin pegged with USD created by a private company. Even though USDT is equivalent to USD, these are two different things. I think USD will be developed as CBDC, which will he controlled by the US government.

 

[Heatman]

USD is a fiat currency of the United States Government, USDT is a stable coin pegged with USD created by a private company. Even though USDT is equivalent to USD, these are two different things. I think USD will be developed as CBDC, which will he controlled by the US government.

Yeah, that's very correct. The major difference between USDT and USD is that one is a cryptocurrency stable coin while the other is a fait currency of the United States of America. With PayPal making its way to the stable coin project, we will definitely see USD stable coin soon.