US Digital Dollar Pilot Begins

Main Takeaway: Post-FTX Crash CBDCs In The Making

US banks and financial institutions such as Mastercard, Wells Fargo, and Citigroup are working with the New York Fed to trial the use of a digital dollar. This is in line with expectations that many countries, in particular, the United States, will become more aggressive in rolling out central bank digital currencies. This is a bearish move for privacy, financial freedom, and blockchain-based finance, but bullish long term for crypto and DeFi use cases.

In other news, the crypto markets are up 2% d-o-d – despite negative headlines such as BlockFi’s bankruptcy.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are Lazio Fan Token (LAZIO/USDT), FC Porto Fan Token (PORTO/USDT), Santos FC Fan Token (SANTOS/USDT), AS Roma Fan Token (ASR/USDT), and Chiliz (CHZ/USDT).