Will the Fed Introduce a Digital Dollar? Five U.S. Senators Aiming to Make Sure It Does Not Happen

Central Bank Digital Currencies (CBDCs) are digital forms of a country’s fiat currency, issued and regulated by the nation’s central bank. Unlike decentralized cryptocurrencies like Bitcoin, CBDCs are centralized and backed by the government, mirroring the value of the country’s physical currency. They aim to modernize the financial system by providing a digital payment method […]