Private Effort to Aid Launch of Fed Digital Dollar Accelerates Work

Private Effort to Aid Launch of Fed Digital Dollar Accelerates Work

As the Federal Reserve explores how it could launch a fully digital dollar, a private-sector effort is broadening its work to help the central bank figure out the best way forward.

On Monday, the Digital Dollar Project said that over the next year it will launch a number of projects it hopes will inform the creation of a digital currency some have called Fedcoin. The work will be independent of a similar ongoing project by the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology.

The…

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