Fed confirms no plans to build or issue a CBDC, backs stablecoins and tokenized deposits as alternatives

federalreserve.gov •

Revision history

5 recorded changes

Want your article here?

The Federal Reserve said it has no plans to develop or issue a central bank digital currency (CBDC), while signaling support for private-sector payment alternatives such as stablecoins and tokenized deposits. The message fits into a broader U.S. debate over whether the central bank should create a retail digital dollar, a topic the Fed has studied for years but has not committed to pursuing. The Fed’s existing CBDC materials say it has made no decision on whether to pursue a CBDC and has been evaluating potential benefits and risks through research and experimentation. The new stance is notable because it places the Fed on the side of market-based digital-money options rather than a centrally issued public digital currency, at a time when other countries continue to test or roll out CBDC programs. That matters for payments policy and for the direction of U.S. digital-dollar discussions, since the choice between a CBDC and privately issued tokenized money has implications for bank intermediation, payments infrastructure, and the role of the Federal Reserve in retail finance.

AI-generated background, compiled from web sources — not editorial content.

More coverage

Federal Reserve Confirms No Plans for CBDC Development - Phemex (phemex.com)
Central Bank Digital Currency (CBDC) - Federal Reserve Board (federalreserve.gov)
Stopping the Next Expansion by Prohibiting the Creation of a ... (cato.org)
What Will a U.S. Central Bank Digital Currency Look Like? (investopedia.com)

Fed confirms no plans to build or issue a CBDC, backs stablecoins and tokenized deposits as alternatives

More coverage

Explore the topic

More on FED

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Total stats

How to Earn

More on FED

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Fed confirms no plans to build or issue a CBDC, backs stablecoins and tokenized deposits as alternatives

More coverage

Explore the topic

More on FED

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Comments

Total stats

How to Earn

More on FED

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Custodia Bank asks full federal appeals court to reconsider ruling upholding the Fed’s denial of its master account, arguing the decision misreads banking law and undermines state authority.

Market week ahead: Fed’s Expected December Rate Cut Poised to Set the Tone for Global Central Banks in a Pivotal Week for Monetary Policy.

The Coinbase Bitcoin Premium flipped positive for the first time in weeks, signalling a rebound in US demand as silver hits a record high and hard-asset appetite returns. With seller exhaustion and Fed-pivot hopes rising, Bitcoin could see a more active December.

U.S. inflation and jobs data this week could jolt crypto markets as thin holiday liquidity amplifies volatility. Traders watch PPI and PCE closely for clues on the Fed’s next move.