💲Central Bank Digital Currency

Central Bank Digital Currency or CBDCs are centralized, government controlled currencies that have had growing concerns from the public.

While the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, they have been exploring the potential benefits and risks of CBDCs from a variety of angles, including through technological research and experimentation. Their key focus is on whether and how a CBDC could improve on an already safe and efficient U.S. domestic payments system.

CBDC is generally defined as a digital liability of a central bank that is widely available to the general public. Today in the United States, Federal Reserve notes (i.e., physical currency) are the only type of central bank money available to the general public. Like existing forms of money, a CBDC would enable the general public to make digital payments. As a liability of the Federal Reserve, however, a CBDC would be the safest digital asset available to the general public, with no associated credit or liquidity risk.

The Federal Reserve Board has issued a discussion paper that examines the pros and cons of a potential U.S. CBDC. As part of this process, they sought public feedback on a range of topics related to CBDC. The Federal Reserve is committed to hearing a wide range of voices on these topics. Despite uproar about CBDCs from the general public due to issues related to centralization, lack of private transactions, and giving more control to what is possibly already the most powerful organization in the world (The Fed), it seems more likely and closer to a future where this is a reality. In order to prevent such a concerning financial system, The Board of Degenerates of the Federal Memecoin System has created their very own $CBDC token on Solana, the future is with DeFi and our token allows for a payment system using Central Bank Digital Currency that has decentralized, instant transactions, and with infinite potential of appreciation. Not to mention a supply of 100,000,000,000 that is never changing- something that is unlikely from the Federal Reserve Board. It's time to show Powell what were made of.