Following speculations about a potential upcoming digital version of the US dollar, an official with the US Federal Reserve revealed yesterday that the central bank is indeed experimenting with distributed ledger technology (DLT), although she stressed that no decision has been made to actually introduce it.
The admission that the Fed is indeed working on an experimental version of a digital dollar came in a speech delivered on Thursday by Fed Governor Lael Brainard at a conference sponsored by the Fed’s regional branch in San Francisco. In the speech, Brainard revealed that the project has been in the works “for the last few years” and that it is overseen by a “multidisciplinary team” at the bank.
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