Paolo Ardoino, the chief technology officer at , believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.

Ardoino posted his views in a Twitter discussion (NYSE: ) about the growing debate around CBDCs. He also discussed their possible role in the existing payment system. His belief was that CBDCs could only be used to replace the old-fashioned centralized payments networks such as SWIFT, and instead use private blockchains for most transactions.