In an era of technological reshaping of our financial landscape, the concept of a Central Bank Digital Currency (CBDC) in the United States has sparked heated discussions among financial experts and policymakers. Scholars Jean Flemming and Ruth Judson from the Federal Reserve Board have delved into the intricate possibilities of how the US CBDC could enter the international payment system and the longstanding dominance of the US dollar.
Will the FED's research on digital dollars impact the status of the US dollar? What kind of CBDC will be successful?