Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue

The purported benefits of a central bank digital currency (CBDC) in the United States are “uncertain and unlikely to be realized,” and there is no compelling case for it, the American Bankers Association (ABA) has said in a letter to the US Federal Reserve (Fed). The letter also warned that a CBDC could undermine the banks’ business model....Read More: Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue