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Federal Reserve trying hard to Mint digital dollars

serfserf Member Posts: 8,854 ✭✭✭✭

How is the word to Mint digital currency is used is beyond belief to me and no free man should even consider it as real money in a free society. So I guess now i will truly be an outsider soon?


As Federal Reserve officials consider whether to launch a digital version of the dollar, several former officials of one company with a direct stake in the outcome are working to inform the project, a new report based on public records finds. At least five employees of Circle, which issues the world’s second-most popular stablecoin, have left the company over the past three years to work at the Boston Federal Reserve Bank as it researches how a U.S. digital currency might work.

The project could have profound implications for the future of money — and for Circle’s business model. A new form of electronic cash minted by the central bank could “directly and adversely impact the demand” for Circle’s own, privately issued version, the company said in a federal filing last year.


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