The Federal Reserve on Thursday released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment. Billed as "the first step in a ...

The U.S. Federal Reserve launched a new instant payment service called FedNow. The central bank has also denied it is tied to any digital U.S. dollar initiative. Aaron Klein, Brookings Institution ...

Muyao Shenwrites on how some of the initial damage from the tumble in crypto prices was first seen in the often opaque world of decentralized finance. One of the first casualties to surface from the ...

Fidelity Investments on Wednesday unveiled its own dollar-backed stablecoin, adding a Wall Street heavyweight to the growing field of firms seeking to issue regulated digital dollars. The new Fidelity ...

Congress passed three bills regulating cryptocurrency, stablecoins, and the digital dollar. The GENIUS Act establishes a federal framework for stablecoins, requiring them to be fully backed by ...

Christopher Giancarlo, the former chair of the CFTC, also known as ‘Crypto Dad’ said the U.S. is resisting digitization of the dollar due to it being a threat to the country’s dominance over the ...