β‘οΈπΊπΈ NEW - Federal Reserve says it has no plans to create a central bank digital currency (CBDC).
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Why stop the tether money making machine? Howard Ludnik is one of the board members and shareholders.
Easiest money around.
They don't need a CBDC when every commercial bank already reports to them in real time. The surveillance layer exists. They just don't want to own the infrastructure costs.
Whew!!!β¦do I feel better now!!π³ππ
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The development is going on at MIT. This is just a show. CBDC is coming, even if they call it stable coins.