Status
NONE
United States
United States CBDC (Prohibited)
According to Federal Reserve disclosures and linked sources, this profile records status, architecture, and capability fields for United States CBDC (Prohibited).
Program Snapshot
Current status fields and timeline data from the profile record.
Type
RETAIL
Program classification
Wallets
Not listed
Annual Volume
Not listed
Status and Timeline
| Field | Value |
|---|---|
| Announced | Not listed |
| Pilot start | Not listed |
| Launch | Not listed |
| Last verified | 2026-02-18 |
Availability
- Retail
- none
- Wholesale
- none
Central Bank
Federal Reserve
Technical Profile
| Attribute | Value |
|---|---|
| Type | Retail |
| Architecture | two-tier |
| Access model | account based |
| Technology base | unknown |
| Legal tender | none |
Capabilities
offline payments: No
programmability: No
cross border: Yes
interest bearing: No
transaction limits: Yes
Cross-Border Projects
Project Agorá
Role: participant
Recent Updates
According to the Federal Reserve, retail CBDC development is explicitly prohibited at the federal level as of January 2025 via Executive Order. However, the Fed published its foundational 'Money and Payments' report on January 20, 2022, which defined a CBDC as 'a digital liability of the Federal Reserve that is widely available to the general public.' The report outlined potential benefits including payment efficiency, cross-border improvements, and public access to central bank money as cash usage declined from 40% of transactions in 2012 to 19% by 2020. The Fed stated it would not proceed with CBDC issuance without clear support from the executive branch and Congress, ideally in the form of specific authorizing law. The Fed continues technical research into wholesale CBDC through Project Agorá for cross-border settlements. FedNow, launched as a real-time gross settlement service, represents incremental payment system modernization distinct from CBDC development.
Updated: Feb 18, 2026
Frequently Asked Questions
Does United States have a CBDC?
According to listed sources, United States is developing United States CBDC (Prohibited), currently in none phase.
What is the current status of United States's CBDC?
United States CBDC (Prohibited) is in none phase as of 2026-02-18.
When did United States start CBDC pilot activity?
No pilot start date is listed for this program.
How many users or wallets are reported for United States's CBDC?
Wallet metrics are not listed in the current dataset.
Is United States's CBDC retail, wholesale, or hybrid?
United States CBDC (Prohibited) is categorized as retail.
Which institution manages United States CBDC (Prohibited)?
United States CBDC (Prohibited) is managed by Federal Reserve.
Related CBDCs
Sources
Sources
Last verified: 2026-02-18
White House Executive Order (Jan 2025)
regulator
Federal Reserve CBDC Research
central bank
Money and Payments: The U.S. Dollar in the Age of Digital Transformation - Federal Reserve
central bank
Speech by Governor Brainard on CBDC - Federal Reserve
central bank
US CBDC Status - Atlantic Council CBDC Tracker
tracker