Digital Dollar

Link to announcement: web.archive.orgemmer.house.gov

Research → Cancelled

Link to announcement: www.whitehouse.govemmer.house.gov

Link to announcement: www.federalreserve.gov

Link to announcement: www.federalreserve.gov

Link to announcement: www.reuters.com

Link to announcement: www.federalreserve.gov

None → Research

Announcement Year: 2020

Retail/Wholesale: Retail

Description: In August 2020, the Fed published some findings of its "FooWire" trial, which was developed using the Hyperledger Fabric blockchain software. According to the central bank's researchers, that trial "highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. Additionally, the Federal Reserve Bank of Boston announced it will work with researchers from MIT's Digital Currency Initiative (DCI) on a "multi-year collaboration" to build and test a "hypothetical" open-source central bank digital currency platform. In a speech announcing this project, Fed governor Lael Brainard stressed that the Fed has still yet to make a formal decision on whether to official pursue a digital currency launch.

DLT / non-DLT: DLT

Link to whitepaper: www.federalreserve.gov

Country / Region: United States of America

Central Bank(s): US Federal Reserve