The Future of Central Bank Digital Currency

There's very little interest in the United States in central bank digital currency. I think there's a lot of skepticism about the government being directly involved in the operation of retail payment systems. We'll likely see federal supervision by federal regulators that oversee banking and payment systems, but overseeing firms like Circle. And once we have that, then again, households and corporations and other financial institutions will be able to trust this as they might rely on commercial bank money today.