US Treasury Department Official: CBDC Studies Will Accelerate

Nellie Liang, a senior official at the US Treasury Department, told the media today. CBDC He talked about his project.

Niang said that state financial institutions and the White House government will digital money announced that he started working hard for his unit.

“At this time, the government has not reached a clear decision for the CBDC project. Diplomats debate whether the digital dollar is for the benefit of the country. But we are also aware of the potential benefits of the digital dollar.”

The Treasury Department official believes that, together with the digital US dollar, fiat money can maintain its reserve position in the world. Liang believes that with the ease of transfer of dollars, they will be able to respond to the needs of individuals who are victims of conflict between countries.

“Stablecoins Could Support CBDC”

It is a matter of great curiosity what will happen to dollar-indexed independent stablecoins if the government decides to switch to digital money. Contrary to the majority opinion, Nellie Liang does not see stablecoins as a threat to fiat.

“I don’t mind working with dollar-denominated stable tokens and digital money. Stablecoins can act as a support for fiat money.”

Although the treasury official has taken a soft stance on stablecoins, allegations have been made against this stance in the past day. Speaking to sources yesterday, President Biden’s former economic adviser claimed that together with the CBDC, the government is aiming to put massive pressure on crypto.