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Bank of America Says a Digital U.S. Dollar Is ‘Inevitable’

  • Digital dollar issuance likely between 2025 and 2030
  • In the meantime, stablecoin adoption set to flourish
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The U.S. will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to Bank of America Corp. 

U.S. government-backed coins, also known as central bank digital currencies, or CBDCs, “are an inevitable evolution of today’s electronic currencies,” strategists Alkesh Shah and Andrew Moss, wrote in a report Monday. In the meantime, use of digital currencies issued by private entities will probably grow, they said.