The US Federal Reserve is looking to strengthen the dollar’s international role via a central bank digital currency. Photo: Shutterstock
The US Federal Reserve is looking to strengthen the dollar’s international role via a central bank digital currency. Photo: Shutterstock

As US wades into digital currency arena, China’s e-yuan already has a big head start

  • US central bank says a digital sovereign currency would support the US dollar’s international role, as its dominance in global payments is already being challenged
  • Federal Reserve is soliciting public comments until May 20, marking the US’ first foray into the sovereign digital currency arena

The US Federal Reserve is looking to strengthen the dollar’s international role via a central bank digital currency. Photo: Shutterstock
The US Federal Reserve is looking to strengthen the dollar’s international role via a central bank digital currency. Photo: Shutterstock
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