06/15/2023
Could CBDCs be successful?
Our analysts think so. Of course, the Fed and other central banks would need to reassure households and companies that their privacy would be appropriately and rigorously protected. But when it comes to legality, stability and trust – the three main advantages of public-sector systems –the Fed and the dollar score highly. As a result, it is our analysts’ view that the US central bank should have few problems in achieving widespread use of a CBDC, at least domestically, if it determined that there was a need for one.