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The Digital Dollar Project

The Digital Dollar ProjectExploring a US CBDCMay 20202 THE Digital Dollar PROJECTT able of contentsThe road to a US Digital dollarWhat is the Digital Dollar Project ?IntroductionCBDC explanationIntroduction to CBDCE nablement: tokenizationThe value case for a tokenized Digital dollarTaxonomyBenefits of tokenizationPrivacyConfigurable design choices and optionsBenefits of a CBDC in the context of a US dollarUnderstanding the role of the Dollar in the global economy Improvement in the future utility of the dollarHow a Digital Dollar supports a key Federal Reserve System objective The Dollar remaining as the world s premier reserve currency Unlocked opportunities with a Digital dollarUse casesConclusionNext stepsAPPENDIXD omestic paymentsPeer-to-Peer (P2P) PaymentsDomestic Retail Payments (Consumer)Domestic Retail Payments (Business)Delivery Versus Payment (DvP)International paymentsRemittance PaymentsCross-Border PaymentsGovernment paymentsGovernment Benefit AdministrationReferencesABOUT THE AUTHORSACKNOWLEDGEMENTS33577101114172021 2426282931323335363737383940414142434345 49502 THE Digital Dollar PROJECT3 THE Digital Dollar PROJECTThe road to a US Digital dollarWhat is the Digital Dollar Project ?

Tokenization: A digital dollar will be a tokenized form of the US dollar Third format of currency: A digital dollar will operate alongside existing fiat currency and commercial bank money. It will mirror many properties of physical money, including its ability to work alongside existing account-based systems Maintenance of the two-tiered

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