• A series of episodes on The Future is Now featured crypto experts discussing CBDC, stablecoins (such as TUSD), and the need for financial market competition.
• These key points prompted discussion about a blockchain solution to reduce volatility while maximizing the benefits of blockchain.
• TUSD is now one of the most sought-after stablecoins on the marketplace.

H.E Justin Sun, Tron founder, and William Soriano, El Salvador stateman, discussed Central Bank Digital Currency, (CBDC), and called for healthy competition within the financial market in their appearance on The Future is Now, a crypto-focused episode.

Sun, also Grenada’s Ambassador and Permanent Representative to the World Trade Organization (WTO), believes there will be “three kinds of nations.”

“One kind of nation will still use traditional fiat, but some countries will start to evolve into CBDCs, doing central bank digital currencies. However, we might also be seeing some Caribbean and El Salvador countries adopt or reconsider digital currency. [other] cryptocurrencies as their legal tender or financial settlement infrastructure,” explained Sun when asked about his view on CBDCs.

Sun also stated that he believes in an open financial market, which will accept all currencies and allow for competition. Sun is also convinced that CBDCs will be listed on blockchains, just as stablecoins. Three of the most well-known stablecoins on the market are the USDT, USDC and TUSD.

Sun suggested that listing CBDC on a blockchain will “undoubtedly” bring growth to the crypto industry.

Sun spoke out about traditional financial systems, pointing out the fact that not all people are eligible for the services. Sun is convinced that financial infrastructure limitations should be lifted in order to benefit all citizens.

Blockchains such as Tron are popular because they provide financial inclusion and different platforms that address user needs.

Salvadoran Congressman William Soriano shares this same sentiment, as revealed in the “Aligning the Future” episode. He said that Salvadorans have more digital wallets than bank accounts.

Soriano acknowledged the volatility of Bitcoin’s value, but he also shared his belief that blockchain and Bitcoin can help more Salvadorans in financial matters.

The episode opened discussions on how to use the blockchain for price stability and the advantages it offers. As with other stablecoins the True United States Dollar (TUSD) offers both financial inclusion as well as a way to reduce price volatility.

TUSD, unlike USDT or USDC is attested on-chain by the top accounting firm Armanino. TUSD prioritizes transparency and security that is industry-leading.

Current support for the stablecoin can be found in BNB Chain and Fantom as well as Polygon, Polygon and Cronos. TUSD ranks fourth among stablecoins at press time with a surge of 1.4 million.

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