The race is on: US Fed started testing CBDC

Reports of the US finally joining the CBDC race have been making headlines ever since Governor Lael Brainard said as much yesterday, August 13th. According to Brainard, the US Federal Reserve has already started conducting tests with a hypothetical CBDC, in collaboration with MIT and Boston Fed research teams. Governor Brainard explained that both of these institutions spent years researching the blockchain technology. Their efforts were directed towards the discovery of how the central bank can use digital coins and blockchain to launch its digital dollar. Of course, a major part of this was deducing how a CBDC might affect