CBDC ( CENTRAL BANK DIGITAL CURRENCY) IN RESPONSE TO BRICS. CLEARLY A LULL.

"Out of the 195 countries in the world, 130 are looking towards building their own Central Bank Digital Currency (CBDC). Therefore, 98% of the world aims to launch their respective CBDCs, making it easier to settle cross-border transactions. The CBDC’s development gained momentum after the BRICS alliance called for de-dollarization early this year."

"Michael Barr, the Federal Reserve’s Vice Chair for Supervision, confirmed that the U.S. might not launch a CBDC currency anytime soon. The Central Bank is “a long way” from deciding whether to issue a CBDC currency, he said. Barr also stressed that launching a USD stablecoin could threaten the financial stability of the American economy in general."

"Launching a USD-based stablecoin “could pose significant risks to financial stability, monetary policy, and the U.S. payments system,” Barr said."

SOURCE:

https://watcher.guru/news/us-to-launch-cbdc-currency-confront-brics-de-dollarization

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