Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair

Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later.

In the lead up to taking office, U.S. President Donald Trump fiercely opposed a Central Bank Digital Currency (CBDC) or government-backed dollar-pegged stablecoin, however the global market dynamics means it is inevitable…