The Federal Reserve Is Experimenting With a Digital Dollar
The Federal Reserve is actively investigating the potential impact of a digital dollar, though it has no plans to issue one anytime soon.
Regulators are getting more involved in crypto, or so they said at this year's Consensus event.
The Federal Reserve governor discussed cryptocurrencies and a digital dollar at Consensus 2021.
Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.
Lael Brainard, who has been involved with the Fed's efforts to research a digital dollar, is seen as an ideal choice, Bloomberg sources said.