Cryptocurrency Q&A
What is the US dollar CBDC?
What is the US dollar CBDC?
SamsungShineBrightnessRadiance
Sun Nov 10 2024
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6 answers
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The US dollar CBDC, or Central Bank Digital Currency, is a digital version of the US dollar issued and backed by the Federal Reserve. It represents a widely accessible digital liability of the central bank, designed to provide a SAFE and efficient means of payment in the digital economy. Unlike existing digital assets, the US dollar CBDC would offer stability and security without credit or liquidity risks, potentially transforming the nation's financial landscape.
6 answers
Elena
Tue Nov 12 2024
It would be tokenized, meaning it exists in digital form and can be traded online.
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KimonoElegant
Tue Nov 12 2024
A U.S. CBDC represents a digital transformation of the traditional dollar.
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Isabella
Mon Nov 11 2024
This digital currency would offer a new form of payment and could potentially revolutionize the financial system.
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Eleonora
Mon Nov 11 2024
The CBDC would be based on blockchain technology, providing security and transparency.
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DaeguDiva
Mon Nov 11 2024
It would serve as a legal tender, meaning it would have the same status as cash.
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