The Federal Reserve took a key step in weighing the creation of its own digital currency, a move it said could help ensure the U.S. dollar’s dominance as the central bank grapples with fast-growing private cryptocurrencies and coins issued by other nations.
Source: Federal Reserve Takes Key Step Forward in Deciding on Digital-Coin Issuance – Bloomberg
So what does a CBDC do for a country? an economy? the poeple of that country? note that this is not likely tyo b e completely open block-chain thing, more like a governement regulated thing. which it probably should be.
Wikipedia is helpful, as always.
Which lead to this interesting story on “seigniorage”: 50 State Quarters Program Earned $6.3 Billion in Seigniorage
so if I read that right, they minted ~34B state quarters between 1999 and 2008. cost ~US$0.05/coin, which they receive US$0.25/coin value (but from who?), or a “profit” of ~US$0.20/coin, netting 34B x 0.2 = ~US$6.8B profit?
