A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller in a speech released Oct. 14. CBDC skeptic Waller took a look at the question through the lens of national security at a symposium held at Harvard University. Waller had a more favorable view of dollar-backed stablecoin.
The role of the U.S. dollar worldwide is an area where economics, CBDCs, and national security dovetail, Waller said. The indisputable primacy of the U.S. dollar in the world brings benefits to the United States and the other countries where the dollar plays a role in their economies or as a reserve currency.
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