A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, member of the U.S. Federal Reserve Board of Governors Christopher Waller said in a speech released on 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 a 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 other countries where the dollar plays a role in the local economy or as a reserve currency.
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