A Gold-Based Digital Currency Was Presented By Texan Politicians

Several authorities throughout the world are concerned about Central Bank Digital Currencies (CBDCs). In a quest for alternatives, Texas legislators decided to offer plans for a gold-backed alternative to compete with the US Central Bank (FED).Legislation in the Texas House and Senate has been submitted to create state-issued gold-based digital money. These projects seek to provide an alternative to central bank digital currencies (CBDCs) for consumers and companies while also challenging the Federal Reserve’s dominance over the money supply.

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