Giving the digital euro legal tender status may help to increase its adoption and use, creating a positive feedback loop of network effects (where the value and utility of a payment system increase as more users join and transact within the network). In other words, the more people use a particular payment system, the more valuable and convenient it becomes for all users. 10.
I’ll kick things off with some basics about the Federal Reserve System and some thoughts about Fed history. But the plan is for us to spend the bulk of our evening on your questions.