More than 130 countries and currency unions, representing 98 percent of global gross domestic product, are exploring a central bank digital currency (CBDC). But in the United States, CBDC has become highly politicized, with several leading politicians speaking out against its development. The race for the future of money is on, so here are the key items to catch you up on what a CBDC is—and what it isn’t. What is a CBDC? CBDC is a digital form of a country’s fiat currency that is a liability of the central bank. A country’s central bank issues a CBDC. Is CBDC the same as cryptocurrency? CBDC is different from ... (full story)