digital dollar

A stablecoin bill sprinting toward the legislative goal line could unleash trillions in global demand for U.S. Treasuries and cement the dollar's dominance in digital finance—at least if White House crypto adviser David Sacks gets his wish. But with President Donald Trump's family-linked crypto...

Central banks representing two-thirds of the world's nations and 98% of the global GDP are currently exploring the development of CBDCs, Coindesk reported, citing Bank of America. But a digital dollar? Don't expect one anytime soon. What Happened: “The Federal Reserve (Fed) continues...

The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House...

The Royal Bank of Canada (RBC) has released a report on the evolving landscape of central bank digital currencies (CBDCs), that underscores the increasing global shift towards electronic payments as traditional cash usage wanes. This trend has prompted numerous governments to consider introducing...

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) supporter Florida governor and U.S. presidential hopeful Ron DeSantis on Friday opposed establishing a central bank digital currency. What Happened: DeSantis told former Fox News Television anchor Tucker Carlson at the Family Leadership Summit that "...

According to recent polls conducted by the Cato Institute, an overwhelming majority of Americans are not in favor of adopting a Central Bank Digital Currency (CBDC). Only 16% of respondents expressed support for a digital dollar, while 34% opposed its adoption. The remaining 49% of...

Xapo Bank, a private bank offering both traditional banking and access to Bitcoin (CRYPTO: BTC) and stablecoins, said Tuesday that it's the world's first bank to integrate Tether (CRYPTO: USDT) payment rails. What Happened: The phased rollout will be available to all members by the end...

Jerome Powell's recent comments on cryptocurrency have caused a stir, with the Federal Reserve Chair suggesting they could become worthless if the U.S. introduces its own central bank digital currency. How true is this? Let’s break it down. The main thesis in favor of this...

Rep. Tom Emmer (R-Minn.) has launched a campaign against the Biden administration's efforts to establish a digital dollar, saying it could be employed to collect sensitive financial data of United States citizens. Emmer, a staunch supporter of the cryptocurrency...

Coinbase (NASDAQ: COIN) has urged its customers to switch from Tether (CRYPTO: USDT) to USD coin (CRYPTO: USDC), billing it as the "most dependable and reputable digital dollar." What Happened: In a blog post on Thursday, Coinbase said that USDC is fully backed with “high-...

Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments. Along with payments major Mastercard (NYSE: MA),...