Definition ∞ Digital dollar usage refers to the deployment and circulation of a central bank digital currency (CBDC) issued by the United States Federal Reserve. This hypothetical digital currency would represent a direct liability of the central bank, similar to physical cash, but in electronic form. Its purpose would involve enhancing payment efficiency and financial inclusion.
Context ∞ Discussions surrounding digital dollar usage are a prominent topic in global financial policy and cryptocurrency news. Central banks worldwide are examining CBDCs, with debates centering on their potential impact on monetary policy, privacy concerns, and the existing financial system. The future development of a digital dollar remains under active research and public consideration.
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