Digital dollar is a long way from reality, says US Treasury official

Bloomberg

The Treasury Department’s top official for financial markets and stability expressed little urgency over the federal government’s need to prepare for
the potential launch of a digital US dollar.
Regulators need to examine whether a central bank digital currency — or CBDC — would actually improve the speed or cost of real time interbank payments, which the Federal Reserve is aiming to introduce in 2023, said Nellie Liang, undersecretary for domestic finance at the Treasury.
Asked whether a digital
dollar would help defend the primacy of the dollar in international commerce or as a reserve currency, she was even clearer. “My view is our global leadership doesn’t come from our technology,” she said in an interview at Bloomberg News’s Washington office. “It comes from our governance system, the rules that govern our financial markets, our rule of law and the safety and soundness of our institutions.”