The US Treasury Is Examining How Digital Dollars Can Be Used To Be Private

However, Steele also noted the potential risks of retail CBDCs, particularly the risk of runs. He added that the recent US banking turmoil has shown that “technology only enables the movement of rapid deposits,” which heightens the danger of high-velocity, panic-driven movements of money. A Treasury-led group examining the potential of a US CBDC is “evaluating policy objectives related to global financial leadership, national security and privacy, illicit finance and financial inclusion,” Steele said.