Two years after the Bahamas launched the world's first CBDC, the Sand Dollar's adoption has been sluggish as FTX's demise only fuels digital fiat skepticism (Jim Wyss/Bloomberg)

Jim Wyss / Bloomberg:
Two years after the Bahamas launched the world's first CBDC, the Sand Dollar's adoption has been sluggish as FTX's demise only fuels digital fiat skepticism  —  Before FTX Co-Founder Sam Bankman-Fried made the Bahamas synonymous with the crypto crash, the country was known as a pioneer of digital fiat.