Forex News

A U.S. central bank digital currency isn’t necessary for dollar supremacy- Fed’s Waller

2022.10.14 12:44



© Reuters. FILE PHOTO: A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo

(Reuters) – Creating a U.S. central bank digital currency is likely not important to the long-term status of the U.S. dollar, Federal Reserve Governor Christopher Waller said Friday.

In a speech during an event held by the Harvard National Security Journal, Waller said that a digital dollar would not offer material benefits over making U.S. dollar-denominated payments, especially because the introduction of a central bank digital currency, or CBDC, would introduce additional risks, such as cybersecurity threats.

“I don’t think there are implications here for the role of the United States in the global economy and financial system,” Waller said, suggesting instead that the debate around a digital dollar should focus on financial stability, payment system innovations and financial inclusion.”



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,658.36 1.65%
ethereum
Ethereum (ETH) $ 3,434.54 3.51%
tether
Tether (USDT) $ 0.998251 0.20%
solana
Solana (SOL) $ 238.53 3.98%
bnb
BNB (BNB) $ 639.97 1.61%
xrp
XRP (XRP) $ 1.46 5.83%
dogecoin
Dogecoin (DOGE) $ 0.400844 4.00%
usd-coin
USDC (USDC) $ 0.997892 0.18%
cardano
Cardano (ADA) $ 0.999811 1.48%
staked-ether
Lido Staked Ether (STETH) $ 3,435.21 3.42%
tron
TRON (TRX) $ 0.197132 3.92%
avalanche-2
Avalanche (AVAX) $ 41.51 3.81%
the-open-network
Toncoin (TON) $ 6.08 0.47%
stellar
Stellar (XLM) $ 0.503064 5.59%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 2.37%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,081.93 3.88%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,851.41 1.07%
polkadot
Polkadot (DOT) $ 8.41 0.55%
chainlink
Chainlink (LINK) $ 17.74 4.44%
weth
WETH (WETH) $ 3,446.19 3.94%
bitcoin-cash
Bitcoin Cash (BCH) $ 500.09 0.38%
sui
Sui (SUI) $ 3.16 5.29%
pepe
Pepe (PEPE) $ 0.000019 2.51%
near
NEAR Protocol (NEAR) $ 6.57 0.43%
leo-token
LEO Token (LEO) $ 8.31 1.39%
litecoin
Litecoin (LTC) $ 94.31 1.47%
uniswap
Uniswap (UNI) $ 11.33 8.54%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,624.00 3.64%
aptos
Aptos (APT) $ 11.96 0.10%
internet-computer
Internet Computer (ICP) $ 11.68 6.61%
usds
USDS (USDS) $ 0.996858 0.30%
hedera-hashgraph
Hedera (HBAR) $ 0.136976 3.89%
crypto-com-chain
Cronos (CRO) $ 0.182908 1.97%
ethereum-classic
Ethereum Classic (ETC) $ 30.76 10.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.561902 3.51%
render-token
Render (RENDER) $ 7.65 1.48%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.18%
bittensor
Bittensor (TAO) $ 521.37 3.68%
kaspa
Kaspa (KAS) $ 0.149746 0.06%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.43 1.62%
arbitrum
Arbitrum (ARB) $ 0.911406 10.36%
dai
Dai (DAI) $ 0.998737 0.08%
celestia
Celestia (TIA) $ 8.12 1.80%
whitebit
WhiteBIT Coin (WBT) $ 23.93 1.27%
filecoin
Filecoin (FIL) $ 5.62 2.77%
vechain
VeChain (VET) $ 0.041331 3.15%
bonk
Bonk (BONK) $ 0.000044 5.88%
blockstack
Stacks (STX) $ 2.14 9.06%
okb
OKB (OKB) $ 53.33 0.52%
dogwifcoin
dogwifhat (WIF) $ 3.17 2.27%