A top official at the US Treasury Department has revealed that the agency is actively exploring the possibility of creating a digital version of the US dollar.

The official stated that the Treasury is working with the Federal Reserve to assess the potential benefits and risks of such a move, and to determine whether a digital dollar could help to modernize the country’s financial system and improve access to financial services for underserved communities.

The official also noted that the Treasury is considering various technical options for implementing a digital dollar, including the use of blockchain technology.

However, the official emphasized that any decision to move forward with a digital dollar would need to be carefully weighed, and that the Treasury is committed to working with all stakeholders to ensure that any such move is transparent, secure, and in the best interests of the American people.