The US House of Representatives Financial Services Committee will hold a hearing on Thursday, and “digital dollar” is expected to be the topic of discussion

The Financial Services Working Group of the Financial Services Committee of the US House of Representatives will hold a hearing on Thursday to discuss how to better provide stimulus funds in emergency situations such as the COVID-19 pandemic. The theme of the hearing is “Inclusive Banking during the New Crown Epidemic: Using FedAccounts and Digital Tools to Improve Payment Methods”. Among them, the digital dollar is expected to become a topic of discussion. Lianwen previously reported that at the end of May, the Digital Dollar Foundation, a non-profit organization founded by Christopher Giancarlo, the former chairman of the US Commodity Futures Trading Commission (CFTC), released a white paper on its “Digital Dollar” program, which details CBDC’s Potential applications to promote the development of digital dollars, and give some examples of digital dollar use cases such as cross-border remittances between the United States and Mexico.