Federal Reserve Bank reveals details of digital dollar research

[Dociko]

The Federal Reserve Bank has been exploring digital currencies to modernize the U.S. payments sector. The President and CEO of the Federal Reserve Bank of Cleveland has revealed details of the Fed’s ongoing research into a potential digital dollar.

Speaking in a keynote address on September 23, Loretta Mester emphasized that the Federal Reserve has been exploring central bank digital currencies (CBDC) since before the pandemic, noting that its Board of Governors has been “building and testing a range of distributed ledger platforms to understand their potential benefits and tradeoffs.”
Details: https://cointelegraph.com/news/federal-reserve-bank-reveals-details-of-digital-dollar-research