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Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

While FedNow is currently not tied to any initiative for a digital U.S. dollar or the crypto space in general, experts warn that the system might end up as a precursor to the infrastructure for a central bank digital currency.

The Federal Reserve building in Washington, D.C. (Helene Braun/CoinDesk)
The Federal Reserve building in Washington, D.C. (Helene Braun/CoinDesk)