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LEADING THE

Discussion

on future of the US Dollar

The Digital Dollar Project is a neutral, non-profit forum focused on exploring digital money innovations and preserving the role of the US Dollar in a world of decentralized and centralized sovereign and non-sovereign digital currency networks.

Principle-Driven Research

The Digital Dollar Project is dedicated to spearheading principle-driven research and fostering in-depth public discourse on the future of digital monetary innovations. This encompasses a broad spectrum of digital money forms, including Central Bank Digital Currencies (CBDCs), stablecoins, tokenized deposits, and other digital currencies. Through a combination of experimental pilots and collaborative working groups, the Project aims to explore and guide public discussion on the potential benefits and challenges of both private and public digital currency networks. These discussions are crucial steps towards ensuring that future financial systems and tools enhance monetary policy effectiveness and financial stability, provide increased access and necessary scalability, security, and privacy, and integrate seamlessly with existing financial infrastructures.

Our Research Initiatives

Pilots

Our pilot program is born out of the need for a greater understanding of the risks and benefits of a potential US CBDC and its impacts on both the public and private sectors. Through real-world experimentation, the pilots pressure-test the champion model and explore implications across retail, wholesale, and international use cases, generating empirical data used to guide policy and technical decisions.

WORKING PAPERS

Digital Dollar Project /// Nov 24, 2023

Digital Dollar Project's 2020 whitepaper, "Exploring a U.S. CBDC," proposed a "champion model" of the digital dollar, along with eight tenets developed through global research and stakeholder interviews, for public consideration. The updated working paper provides a deeper look into the tenets, and offers research-driven observations that confirm the continued relevancy of the champion model in 2023.

FEATURED NEWS

Fortune /// Jan. 25, 2024

Today, a new phase is at hand, an Internet of value, payments, and money itself. The choice is clear: Lead, follow, or get left behind.

Cointelegraph /// Jan. 25, 2024

Central bank digital currencies are becoming more politicized globally, “but in the U.S. they seem to be ‘hyper-politicized.’”

Coindesk /// Apr 27, 2023

Whether or not the U.S. adopts a digital dollar, American citizens and American multinational corporations are going to be dealing with CBDCs in the years to come. Barring the U.S. from CBDC exploration will neither hinder nor stop the global deployment of CBDCs.

“It’s clear that the global economy in the twenty-first century will encompass a spectrum of both sovereign and non-sovereign digital currencies. The Digital Dollar Project encourages the U.S. to assert principled leadership at home and abroad in order to embed democratic principles and protections in rapidly developing global payments systems.”

J. Christopher Giancarlo, Former Chairman of the U.S. Commodity Futures Trading
Commission and Co-Founder of the Digital Dollar Project

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