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A comment on US Moving Toward Creation of a Digital Dollar.

Re:US Moving Toward Creation of a Digital Dollar by chrisgp on Friday September 16, 2022 @12:43PM (#32868734)
Considering how much demand there is for stablecoins this seems pretty positive. Don't need to worry about Tether counterparty risk if the backer of a US dollar coin is the US treasury.

Maybe this is what gets us to <1h settlement ACH transfers?

[ Parent | on HN ]
Re:US Moving Toward Creation of a Digital Dollar by hocuspocus on Friday September 16, 2022 @01:16PM (#32869161)
How much of that demand is driven by the fact USD-pegged stablecoins allow to evade US jurisdiction?

> Maybe this is what gets us to <1h settlement ACH transfers?

You can have that without involving the central bank.

[ Parent | on HN ]
Re:US Moving Toward Creation of a Digital Dollar by atdrummond on Friday September 16, 2022 @02:22PM (#32870073)
FedWire already solves the last problem.
[ Parent | on HN ]