Fed Board Governor stressed the importance of CBDC in the USA
A central bank digital currency in the United States can increase financial stability, according to Lael Brainard
21.02.2022 - 13:15
261
1 min
0
What’s new? The US Federal Reserve System (Fed) has not yet decided whether it will issue its own central bank digital currency or abandon this idea. Lael Brainard, the governor of the Federal Reserve, highlighted several reasons for starting to develop a digital currency. Brainard added that a CBDC in the United States can increase financial stability.
Information on the Fed’s website
What does Brainard say? She noted that the US dollar dominates international payments, so the state should launch a CBDC. However, she warned that if this does not happen, access to a safe government settlement asset will be lost. It would be prudent, she said, to examine whether there is a role for digital currency in maintaining the safe and efficient elements of a modern financial system.
“It is essential that policymakers, including the Federal Reserve, plan for the future of the payment system and consider the full range of possible options to bring forward the potential benefits of new technologies while safeguarding stability. A US CBDC may be one potential way to ensure that people around the world who use the dollar can continue to rely on the strength and safety of US currency to transact and conduct business in the digital financial system,” Brainard said.
Useful material?
Telegram 
Twitter Market
It is no longer possible to issue additional coins after this action
Dec 1, 2023
Crypto regulations
One such company is Tether, registered in the British Virgin Islands
Nov 30, 2023
Incidents
Funds from the largest hacks of crypto projects have passed through the service
Nov 30, 2023
Crypto regulations
In 18 months, the exchange’s representatives have failed to get an answer from officials about the principle on which they categorize cryptocurrencies as securities
Nov 30, 2023
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Cryptocurrency rates
-
Bitcoin
$39 545
BTC
+1.95%
-
Ethereum
$2 170.42
ETH
+3.61%
-
BNB Smart Chain
$231.1
BSC
+1.16%
-
Ripple
$0.621859
XRP
+1.51%
-
Cardano
$0.399637
ADA
+3.96%
-
Dogecoin
$0.08702
DOGE
+3.56%
-
Polkadot
$5.6
DOT
+2.37%
-
Litecoin
$72.71
LTC
+1.31%
-
Bitcoin Cash
$230.7
BCH
+2.24%
-
Stellar XLM
$0.122455
XLM
+2.17%