I think one plan is to have CBDC accounts direct with the federal reserve. These accounts would be convenient with the added cost of a lower interest rate than

I think one plan is to have CBDC accounts direct with the federal reserve. These accounts would be convenient with the added cost of a lower interest rate than regular accounts. So, regular banks could still compete. They call this the risk of "disintermediation". There is literature at the Federal Reserve website that discusses this. https://www.federalreserve.gov/econres/feds/the-macroeconomic-implications-of-cbdc-a-review-of-the-literature.htm https://www.federalreserve.gov/econres/feds/the-macroeconomi...