Revolutionary technology, such as Blockchain & Artificial Intelligence, is rapidly changing the pace of our traditional institutions' evolution into the digital age.
The United States Federal Reserve Bank (FED), as well as 124 other central banks, have all announced Central Bank Digital Currencies (CBDC) stablecoins.
Congress is currently working on US Bill H.R. 8498 aka 'Stablecoin Transparency Act' which if ever passed would legalize the ability for any company to issue a US Digital Dollar (stablecoin).
Companies like PayPal have already announced their own privately-issued US Digital Dollar stablecoin.
Many other companies such as Amazon, X (Twitter), and YouTube (Google) are also considering issuing their own stablecoins as well.
WHAT DOES THIS MEAN FOR YOUR DOLLARS HELD IN A TRADITIONAL BANK? WHAT DO YOU NEED TO KNOW?