U.S. Treasury provides a deep dive into policy considerations for a digital dollar centralbankdigitalcurrency CBDC digitaldollar
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The Treasury Department is currently exploring two different options for upgrading the capabilities of central bank money: A CBDC and a real-time payment system. “In characterizing wholesale and retail options, we have found it useful to think about how each would differ from central bank reserves – in particular, whether the core differences relate to ‘technological features’ or ‘access features,’ i.e., the users that would be able to access the CBDC,” Liang said.
Benefits of an rCBDC highlighted by the Under Secretary include its ability to contribute to a more competitive and innovative payment system, support financial inclusion, and help “preserve the singleness of the currency.”
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