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Delete US Currency Field in the Indenture

Delete US Currency Field in the Indenture

Aug 6th, 2022

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How to Delete US Currency Field in the Indenture

4.7 out of 5

6 votes

The crypto market is experiencing chaos, particularly with the situation surrounding FTX. Wall Street is initiating a 12-week pilot program to stress test the digital dollar. This initiative, similar to past efforts in France and Switzerland, focuses on digitizing deposits to enhance transaction efficiency, especially for cross-border money transfers. The aim is not to misappropriate funds but to improve the financial system. The U.S. may consider adopting digital currencies, including a central bank digital currency (CBDC), following examples set by countries like Jamaica, the Bahamas, Sweden, and China, indicating a need for the U.S. to catch up in digital currency adoption.

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