{
  "id": 5505177,
  "title": "Why the US Is Snubbing CBDCs",
  "url": "https://urgent.news/2026/09/04/why-the-us-is-snubbing-cbdcs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T06:00:00.000Z",
  "source": {
    "name": "Global Finance",
    "slug": "global-finance",
    "url": "https://gfmag.com/technology/why-us-is-snubbing-cbdc/"
  },
  "original_language": "en",
  "account": "The United States is distancing itself from the concept of Central Bank Digital Currencies (CBDCs), despite the fact that over 100 other nations are actively exploring, developing, or already using these digital currencies. According to Pierre Siklos, an economics professor at Wilfrid Laurier University in Canada, official U.S. support for CBDCs appears limited, although there are still individuals within the Federal Reserve who research and study these technologies.\n\nThe current U.S. stance contrasts sharply with that of the world's second and third largest economies, the European Union and China, which both have robust CBDC strategies. The European Central Bank is expected to launch its digital euro by 2029, while China's e-yuan has already been utilized in over 3.4 billion transactions worth $2.3 trillion in 2025 alone.\n\nOne of the main concerns raised by industry experts is that not adopting a CBDC could weaken the U.S. dollar's status as the global reserve currency and the preferred medium for international transactions. While the dollar remains dominant, geopolitical risks have prompted reserve managers to consider gradually shifting towards de-dollarization.\n\nHowever, the U.S. is attempting to maintain its influence by creating a regulatory framework that supports the development of privately issued, dollar-denominated stablecoins through the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This approach allows the U.S. to extend its monetary policy to other countries through these stablecoins, while also leveraging the existing network effects of the U.S. dollar. Moreover, the U.S. is providing tokenized reserves for the trials of Project Agorá, which aims to tokenize central bank reserves and commercial bank deposits, potentially hampering the adoption of multi-CBDC platforms for cross-border settlements.",
  "summary": "America is betting on stablecoins while other nations favor safer digital currencies. The post Why the US Is Snubbing CBDCs appeared first on Global Finance Magazine .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}