What is the US dollar CBDC?

The US dollar CBDC, or Central Bank Digital Currency, is a digital version of the US dollar issued and backed by the Federal Reserve. It represents a widely accessible digital liability of the central bank, designed to provide a SAFE and efficient means of payment in the digital economy. Unlike existing digital assets, the US dollar CBDC would offer stability and security without credit or liquidity risks, potentially transforming the nation's financial landscape.