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Janet Yellen Says CBDC Must Back US Currency’s Power

Mount Equity Group Tokyo Japan > News > Markets > Janet Yellen Says CBDC Must Back US Currency’s Power
  • Any US central bank digital currency must support the dominance of the dollar, Treasury Secretary Janet Yellen said Thursday. 
  • A CBDC “could become a form of trusted money comparable to physical cash” and offer some of the benefits of digital assets, Yellen said.
  • But issuing a digital dollar would take years of development, not months, she added. 

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