How are national stablecoins different from CBDCs?

[cryptoenthusiast]

A CBDC is issued directly by a central bank, while a national stablecoin is typically issued by an approved private partner under regulatory supervision. Many governments use regulated stablecoins as a testbed before rolling out a full-scale CBDC, allowing them to study user behavior, technology performance, and compliance challenges in real-world conditions. In some regions, stablecoins are even designed to run alongside or complement future CBDCs.

[Nahid Hossen]

CBDCs are fully centralized, while national stablecoins often involve private partners.

[Abdul Khan]

The level of control and transparency is the main distinction.