In that proposal, the digital dollar would have been “a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).”
Continue read: https://www.pymnts.com/cryptocurrency/2020/central-banks-explore-building-digital-currency/
