We know that banks are banks because of regulation
However, if the Fed does provide a digital currency, it won't likely support anonymity, so the others may still be preferred by some. I think many crypto users will be less interested in a non-anonymous coin.
The Federal Reserve is indeed considering a digital currency backed by the dollar. I expect that this is inevitable.
https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf
However, if the Fed does provide a digital currency, it won't likely support anonymity, so the others may still be preferred by some. I think many crypto users will be less interested in a non-anonymous coin.
The Federal Reserve is indeed considering a digital currency backed by the dollar. I expect that this is inevitable.
https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf