"The Federal Reserve Is Experimenting With a Digital Dollar" reports Nikhelish De of Coindesk

by Nikhelish De. Published Aug 13, 2020 at 20:09 UTC Updated Aug 13, 2020 at 20:49 UTC

The U.S. Federal Reserve is actively investigating distributed ledger technologies and how they might be used for digitizing the dollar.

Federal Reserve Board Governor Lael Brainard said the U.S. central bank has been testing DLT over the past several years to study what a digital currency might do to the existing payments ecosystem, monetary policy, financial stability and the banking sector.

“With these important issues in mind, the Federal Reserve is active in conducting research and experimentation related to distributed ledger technologies and the potential use cases for digital currencies,” Brainard said Thursday at the Federal Reserve Bank of San Francisco’s Innovation Office Hours…