State-backed stablecoin vs CBDC
What is the difference?
Many confuse these concepts. CBDC (Central Bank Digital Currency) is a direct digital equivalent of cash, issued by the central bank itself. State-backed stablecoin, like $KGST
KGST
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—is a digital asset issued by an authorized
organization, but 100% backed by fiat in reserves.
The key advantage of the model $KGST — is the speed of implementation and the use of an efficient blockchain infrastructure (BSC) for instant payments. Also, friends, you can buy $KGST and put it in staking at 10% annual interest.