What is the digital US dollar?
I recently heard about the digital US dollar and I'm curious to learn more about it. Could someone explain what it is and how it works? I'm particularly interested in its relationship with traditional currency and its potential impact on the financial system.
Could a fully digital US dollar be a viable alternative to cryptocurrency?
Could you elaborate on the potential viability of a fully digital US dollar as an alternative to cryptocurrency? Would such a digital dollar retain the same level of trust and stability as the traditional physical currency? How would it compete with the decentralized, secure, and often anonymous nature of cryptocurrencies? What are the key advantages and disadvantages that it could potentially offer over existing crypto offerings? Could it help address some of the challenges faced by the current financial system, or would it simply be another form of digital money? Furthermore, what regulatory and technological hurdles need to be overcome to make a fully digital US dollar a practical reality?