.federalreserve Vice Chair Lael Brainard said a well-designed central bank digital currency (CBDC) could complement stablecoins and cash. camlearnscrypto reports
of her appearance in front of the House Financial Services Committee on Thursday.
“CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Brainard wrote.of terraUSD and luna .
Brainard also addressed the capabilities of a CBDC to facilitate global payments, and how the U.S. can serve as an example in digital finance with “privacy, accessibility, interoperability, and security.” For its part, the Federal Reserve has been soliciting comments recently on the advisability of setting up a CBDC. Wall Street bankers have expressed concerns that a U.S. CDBC could
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