The key difference between Fedcoin and cryptocurrencies like Bitcoin is that it would have a fixed exchange rate with the USD.
Essentially, Fedcoin would be just a digital denomination of the USD but with features of Bitcoin: peer-to-peer transactions to anyone in the world with the appropriate wallet software and access to the internet.
Ecuador has become the first country to launch a digital currency fixed to the USD and the Philippines are said to be considering a similar move.
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