“It sounds like FedCoin, meant to devalue and replace paper currency altogether.”
I doubt it.
Replacing paper currency would be an economic & psychological disaster.
Maybe the largest disaster in economic history IMO.
Disaster is what the left wants in order to ride to the rescue with more government control. They create the crisis and then use it to implement more power to themselves. They have done this over and over again, and the sheeple plead with them to do it.
I hope you’re right.
I don’t trust these bastards in Washington as far as I can throw them, however.