As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
One of the key topics linking cryptocurrencies to all Americans, regardless of whether they are in crypto, could be the prospect of a digital dollar — a version of the currency issued by the Federal Reserve that is traced on the blockchain.
The prospect of a digital dollar has sparked concerns about privacy, leading to bans in some US states and promises from candidates that they will never allow such digital currency to replace the traditional greenback.
Meanwhile, stablecoins issued by private companies have been filling this void, promoting the dollar’s usage globally. Stablecoin issuers like Tether have emerged as some of the largest holders of US debt.
