US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch - Yahoo Lifestyle

Retrieved on: 2024-04-13 14:56:41

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Cryptocurrencies

National Bureau of Economic Research

Lael Brainard

Central Bank Digital Currency

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US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch - Yahoo Lifestyle. View article details on HISWAI: https://au.lifestyle.yahoo.com/lifestyle/u-fed-vice-chair-says-184341775.html

Summary

Federal Reserve Vice Chair Lael Brainard cautions that implementing a Central Bank Digital Currency (CBDC) in the U.S., potentially coexisting with stablecoins and private sector innovation, could take up to five years due to necessary security and design considerations.

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