Bank of America will soon launch its CBDC project

Despite the fact that the US government is still considering issuing its own central bank digital currency, the Bank of America believes it is “inevitable.” Furthermore, specialists from a major bank predict that stablecoins will continue to grow and play an important role in the monetary system.

 

Central banks are getting more interested in CBDCs, with many stating plans to launch them. Digital versions of national currencies are available in just a small number of nations. The United States, on the other hand, has always appeared to be behind the curve, with Federal Reserve Chairman Jerome Powell emphasizing that the country should do things well rather than first.

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