Can a Central Bank Digital Currency (CBDC) Be Considered a Stablecoin?

A CBDC is fundamentally a liability of the central bank, representing a digital form of fiat currency, making it inherently stable at its par value. While it shares the "stable" characteristic of a stablecoin, it is not a cryptocurrency in the decentralized sense.

It is a sovereign digital currency issued and controlled by a central authority, unlike private stablecoins which are issued by private entities and may rely on reserves or algorithms.