Viewpoint: The earliest released CBDC will have the advantage of utilization rate, the United States should launch digital dollars as soon as possible

The Fed ’s unrestricted bond purchases and dollar printing plans do not seem to be going well. The unemployment rate in the United States has been rising, and the emergence of COVID-19 has shaken the core of the entire world. Morgan Creek Capital CEO Mark Yusko recently stated that central bank digital currency (CBDC) may be a faster distribution mechanism than fiat currency. "Only 8% of the legal currency is in paper or coin form. 92% has been electronic. The transition from electronic to digital will happen, which is a good thing. I think it is inevitable. Yusko said that no matter which The first CBDC issued by the country will receive the most recognition. He asserted that the United States must avoid rapid backwardness by introducing digital dollars. Yusko believes that Facebook ’s Libra is also a lost opportunity for the United States. In fact, many people think The United States can use this stable currency project to maintain its financial advantage and keep up with China's central bank digital currency project. Yusko also holds the same view that the United States should encourage Libra to make it fully supported by the US dollar.