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How the COVID-19 Crisis Revived the Digital Dollar Debate

Some Americans are still waiting for stimulus support. Would a digital dollar have helped disburse funds? Here's a breakdown of the debate.

Updated Sep 14, 2021, 8:38 a.m. Published May 8, 2020, 2:00 p.m.
Under one proposal, U.S. citizens would be gifted a digital wallet, called a FedAccount, maintained by the Federal Reserve. (Credit: Houston Federal Reserve by Random Sky on Unsplash)
Under one proposal, U.S. citizens would be gifted a digital wallet, called a FedAccount, maintained by the Federal Reserve. (Credit: Houston Federal Reserve by Random Sky on Unsplash)