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A U.S. digital currency would be a type of digital dollar issued by the government. Unlike private crypto assets such as stablecoins, it would be issued by and backed by the Fed, a government entity, as are U.S. paper dollar bills.

Bitcoin is the most established cryptocurrency, and it's more safe than most altcoin investments.

There are nine countries that have fully launched a central bank digital currency (CBDC). Eight of the nine countries are located in the Caribbean. Nigeria and its e-Naira became the latest country to institute a CBDC.

A CBDC is issued and regulated by a nation's monetary authority or central bank. CBDCs promote financial inclusion and simplify the implementation of monetary and fiscal policy. As a centralized form of currency, they may not anonymize transactions as some cryptocurrencies do.

CBDC is generally defined as a digital liability of a central bank that is widely available to the general public. Today in the United States, Federal Reserve notes (i.e., physical currency) are the only type of central bank money available to the general public.

China. Perhaps the most prominent CBDC project being implemented at this time is China's digital renminbi or Digital Currency/Electronic Payments (DCEP) initiative, which was in trials as of Q4 2020 and is working towards a phased release.

Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.