Fed paper looks at different CBDC types

“Account-based”, “cash equivalent” and “hybrid” CBDCs all have varying advantages – researchers

Federal Reserve

A central bank-issued digital currency’s possible advantages over current payment systems could depend on what archetype is selected, research published by the Federal Reserve finds.

“Central banks will need to decide which features a CBDC should improve upon and choose the archetype that can best achieve these goals,” Paul Wong and Jesse Maniff say.

Wong and Maniff compare “cash equivalent”, “account-based” and “hybrid” CBDCs against cash and real-time gross settlement (RTGS) systems. They

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