The big story
Is the digital dollar dead?
July 2023
In 2020, digital currencies were one of the hottest topics in town. China was well on its way to launching its own central bank digital currency, or CBDC, and many other countries launched CBDC research projects, including the US.
How things change. Three years later, the digital dollar—even though it doesn’t exist—has become political red meat, as some politicians label it a dystopian tool for surveillance. And late last year, the Boston Fed quietly stopped working on its CBDC project. So is the dream of the digital dollar dead? Read the full story.
—Mike Orcutt
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