Image for Digital Dollar

Digital Dollar

The Digital Dollar is a digital version of the U.S. currency issued and managed by the Federal Reserve. It functions like physical cash but exists electronically, allowing for fast, secure, and convenient transactions directly between individuals and institutions. Unlike digital banking or cryptocurrencies, it would be backed by the U.S. government, ensuring stability. The goal is to modernize payments, improve financial inclusion, and provide a reliable digital alternative to physical cash, all while maintaining the same trust and value as traditional currency.