Stablecoins Carry “CBDC-Level Risks,” Says VC Founder

[chainsniff]

Jeremy Kranz, founder of Sentinel Global, has warned that privately issued stablecoins could be just as risky as central bank digital currencies (CBDCs).

Kranz described them as “central business digital currency,” highlighting the surveillance, backdoors, and controls that issuers like banks could impose. He cautioned that a dollar stablecoin controlled by a major bank could still be frozen or restricted under laws like the Patriot Act.

[Nahid10]

That’s a strong statement — but it underscores how big stablecoins have become in global finance.

[EmTeam]

The line between private stablecoins and government-backed CBDCs is getting thinner every year.