Status : Development
Usecase : Retail, Wholesale
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell have reaffirmed the United States’ interest in a digital dollar. At the NYTimes Dealbook Conference, in response to our tracker, Secretary Yellen said: “I think it [the digital dollar] could result in faster, safer, and cheaper payments, which I think are important goals.” During a testimony before the Senate Banking Committee, Powell began by confirming, “We are looking carefully, very carefully at the question of whether we should issue a digital dollar.”
Relevant News
New IMF Report Warns of Stablecoin Risk, Sparking Criticism From Experts
The IMF released a report that campaigns in favor of CBDCs and warns against the risk stablecoins represent, sparking criticism among crypto experts.
Read MoreStablecoin Adoption Could Stifle Central Bank Control, IMF Warns
Stablecoins have the potential to broaden individuals’ access to financial services, but that may come at the cost of central banks, per IMF.
Read MoreCrypto Long & Short: Don’t Write Off Euro Stablecoins Just Yet
In this week’s Crypto Long & Short Newsletter, Martin Bruncko writes that the next big step for stablecoins will be a credible, scalable euro-denominated stablecoin issued by the private sector, not another USD token. Then, we dive into the sharp post-holiday…
Read MoreIsrael’s Central Bank Signals Improved Stablecoin Oversight as Digital Shekel Plans Advance
Bank of Israel Governor Amir Yaron said stablecoins can no longer be viewed as marginal, citing their trillion-dollar trading volumes and growing systemic risks.
Read MoreDoes GENIUS turn stablecoin issuers into stealth buyers of US debt?
The GENIUS Act promises safer, fully reserved dollar stablecoins and faster payments, but by steering issuers toward T-bills and cash, it may also hardwire a new demand engine for US debt.
Read MoreDo Stablecoins Really Serve a Purpose? (Stanley Epstein)
Why private digital dollars thrive where traditional currency and CBDCs still fall short. Do Stablec...
Read MoreStablecoins Could 'Pose Stability Risks,' ECB Says in Latest Warning
The ECB reiterated its worries that the rapid growth of digital tokens could unsettle the wider financial system.
Read MoreKyrgyz Republic Launches First Issuance of Gold-Backed Stablecoin USDKG
NEW YORK, NY, Nov. 21, 2025 (GLOBE NEWSWIRE) -- The Kyrgyz Republic has officially launched the first issuance of its national stablecoin, USDKG, a digital token backed by physical gold and pegged to the US dollar. The launch ceremony took place at the Admini…
Read MoreIndia taps Polygon and Anq for its rupee-backed stablecoin, set to launch in early 2026
India’s ARC stablecoin, being developed in partnership with Polygon and Anq, will launch in early 2026. Tokens will be minted only for business accounts with full collateral backing. The stablecoin will operate with the RBI CBDC to retain liquidity and enable…
Read MoreIndia's Debt-Backed ARC Token Eyes Tentative Q1 2026 Debut, Sources Say
The ARC will operate within a two-tier framework, complementing the RBI's Central Bank Digital Currency.
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