No, it's not. The majority if US "money" is IOUs from banks. A central bank issued digital dollar would be an IOU from the central bank.Legally it's a very diff

No, it's not. The majority if US "money" is IOUs from banks. A central bank issued digital dollar would be an IOU from the central bank.Legally it's a very different thing. Practically it will also be very different, at least behind the scenes. It means you could have $10 million in digital dollars and not have to worry about your bank going under. It also gives the federal reserve much more power. If your money is in digital dollars, they can stop the settlement. Right now they'd have to ask your bank to do it for them. Your bank has lawyers and mostly won't do illegal stuff even if asked by the government to do so. The Federal Reserve writes good papers. I wish all government entities were as thoughtful.