CBDC Could Help Maintain the Financial System Stability Says US Federal Reserve Vice Chair

The U.S is lagging behind in CBDCs deployment, whereas 87 Countries around the world are currently exploring the CBDCs. Many of the countries have either deployed or are considering issuing their own CBDCS. According to the Atlantic Council, China is already piloting the digital Yaun.  The cash payments in the U.S has declined from 31% …