Digital Dollars, Anyone (Everyone)?

Trump’s CBDC binning missed an opportunity

Trump’s recent crypto executive order closed the door (probably?) on wholesale CBDC. Yet launching a cross-border wholesale central bank digital dollar would be a boon for American foreign policy, even if it would be a heavy lift. The move was shortsighted. It’s worth asking, what would such a digital dollar look like?

I attempt to answer that question in a new article out in FT Alphaville.

FT Alphaville is free to read (without an FT subscription!): How to read FT Alphaville for free

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This work is independent from and not endorsed by the Yale Program on Financial Stability or Yale University; all views are my own.