Fed plans Digital Dollar, Facebook plans Stablecoin — Market Mad House

America’s central bank, the Federal Reserve, or Fed, has plans for a Digital Dollar. Fed Chair Jay Powell confirms the Federal Reserve is investigating the creation of a central bank digital currency, or CBDC, in a 20 May 2021 video.

“For the past several years, the Federal Reserve has been exploring the potential benefits and risks of CBDCs from a variety of angles, including through technological research and experimentation,” Powell reveals.