January 16, 2020 Former CFTC officials partner with Accenture to pilot a USD central bank digital currency (CBDC).

Former CFTC Chairman J. Christopher Giancarlo and LabCFTC Direct Daniel Gorfine have launched the Digital Dollar Foundation, which aims to launch a USD stablecoin with backing from the Federal Reserve and other government entities. Accenture will act as the chief architect and technology partner for the project; Accenture previously contracted with Sweden’s Riksbank to help launch the e-krona. The fully-realized project would be distinct from other stablecoin projects in many respects, most notably that it would have explicit government support and liabilities would merge with others from the Fed. The degree to which the Digital Dollar Foundation presently has support from the Federal Reserve is unclear.