DDP Press Releases
Explore the research and data relevant to U.S. Central Bank Digital Currency (CBDC) and digital currencies.
Digital Dollar Project Launches Retail CBDC Pilot with Western Union Focused on Cross-Border Payments
August 11, 2023
The Digital Dollar Project today announced the completion of a pilot study conducted in collaboration with The Western Union Company (Western Union), BDO Unibank, Inc. (BDO Unibank) in the Philippines, and support from Accenture. This collaboration represents the Digital Dollar Project’s latest . . .
The Digital Dollar Project Publishes a Risk Framework for Consideration of a U.S. CBDC
June 27, 2023
The Digital Dollar Project (DDP) today released the first in a series of risk- and privacy- focused working papers, “Secure Adoption of a Digital Dollar – Operational and Compliance Risks for the U.S. Banking Sector.” This working paper offers a draft unified risk framework outlining possible . . .
The Digital Dollar Project To Lead CBDC Privacy Discussions With Top Universities
February 15, 2023
The Digital Dollar Project (DDP) today announced a series of privacy-focused roundtables in partnership with leading educational institutions, including UC Berkeley’s Center for Responsible, Decentralized Intelligence, MIT Connection Science and Engineering, and the Georgetown University Law . . .
The Digital Dollar Project Publishes Updated White Paper Furthering Exploration of a U.S. CBDC
January 19, 2023
The Digital Dollar Project (DDP) today announced the release of an updated version of its white paper, “Exploring a U.S. CBDC,” offering a global perspective on the rapidly accelerating developments in central bank digital currencies (CBDCs). The white paper details ongoing CBDC projects in 114 . . .
Digital Dollar Project Hires Key Staffers to Expand U.S. CBDC Exploration in 2023
January 12, 2023
Today, DDP announced new hires to support the strategic growth of its policy research and experimentation teams. With the accelerated growth of worldwide CBDC research, experimentation and deployment, DDP’s new leadership team is poised to expand DDP’s 2022 accomplishments.
DTCC Shares Findings from its Pilot with the Digital Dollar Project, Identifying Requirements for Supporting a U.S. CBDC in Securities Settlement
November 30, 2022
The Digital Dollar Project and The Depository Trust & Clearing Corporation (DTCC) today published its latest whitepaper, “Exploring Post-Trade Security Settlement with a U.S. Central Bank Digital Currency.’ The collaboration leveraged DLT, with the goal of demonstrating success in settling . . .
The Digital Dollar Project Launches Technical Sandbox Program to Explore Central Bank Digital Currency Infrastructure Solutions
August 31, 2022
The Digital Dollar Project (DDP) announced today the launch of its Technical Sandbox Program to jumpstart further exploration of technical implementations of a U.S. central bank digital currency (CBDC). The program will serve as a collaborative space for the DDP participants and financial service . . .
Forward Momentum: The Digital Dollar Project Weighs-In on Continued Regulatory Exploration of a U.S. Central Bank Digital Currency
July 21, 2022
In July, DDP responded to guiding questions from the Department of Commerce on the competitiveness of digital asset technologies, highlighting the unique role that the U.S. can play in shaping central bank digital currencies through private-public innovation. This follows DDP’s May response to the . . .
DTCC Building Industry’s First Prototype To Support Digital U.S. Currency In The Clearing & Settlement Process As Part Of Digital Dollar Project Effort
April 12, 2022
“Project Lithium” prototype will test the ability of U.S. market infrastructure to support a Fed-issued central bank digital currency using a DLT platform.
The Digital Dollar Project Applauds President Biden’s Executive Order on Central Bank Digital Currency; Gains Support of Leading Financial and Nonprofit Partners
March 30, 2022
Visa Inc., The Western Union Company, Knox Networks, Feed the Children, Elijah’s Heart and The Global Blockchain Business Council Join DDP’s More Than 40 Advisors, Participants, and Pilot Partners
The Digital Dollar Project Publishes Nine Pilot Scenarios To Test Elements Of a US CBDC
May 17, 2021
Partnership between Accenture and the Digital Dollar Foundation aims to promote exploration of a U.S. Central Bank Digital Currency
WASHINGTON– The Digital Dollar Project today published initial proposals for nine distinct pilot programs to identify practical opportunities to test and evaluate key . . .
Digital Dollar Project To Launch Pilot Programs To Explore Designs And Uses Of a U.S. Central Bank Digital Currency
May 3, 2021
Project co-founder Accenture to provide initial funding for pilots, which marks next step in bringing the digital dollar closer to reality
WASHINGTON, D.C.; May 3, 2021 – The Digital Dollar Project (DDP) will launch at least five pilot programs over the next 12 months with interested stakeholders . . .
Digital Dollars: Electronic Cash Vs. Digital Currency
March 27, 2020
Mar. 27, 2020 – Overview. In late March, in response to bipartisan proposals to distribute emergency funding to those impacted by COVID-19, the House Financial Services Committee and Senator Sherrod Brown proposed a new U.S. Federal Reserve infrastructure to distribute electronic payments directly . . .
The Digital Dollar Project Names 22 New Advisory Group Members
March 26, 2020
Partnership Between Accenture And The Digital Dollar Foundation Aims To Promote Establishment Of a U.S. Central Bank Digital Currency
WASHINGTON; March 26, 2020 – The Digital Dollar Project today announced its first advisory group members, who will help guide the framework for practical steps that . . .
Digital Dollar Project Announcement
January 16, 2020
The Digital Dollar Foundation And Accenture Announce The Launch Of The Digital Dollar Project
Washington, D.C., Jan. 16, 2020 – “The digital 21st century is underserved by an analog reserve currency,” said Chris Giancarlo. “A digital dollar would help future-proof the greenback and allow individuals . . .