US Digital Dollar Initiative
Market Analysis

In June 2026, the U.S. Senate passed the 21st Century ROAD to Housing Act, which includes a provision prohibiting the Federal Reserve from issuing a CBDC until December 31, 2030, reflecting legislative resistance to a government-backed digital dollar.

Despite the legislative ban, private companies are actively pursuing digital dollar initiatives. In June 2026, Telcoin launched the first U.S. on-chain bank account tied to a regulated bank-issued stablecoin, operating under a Nebraska Digital Asset Depository Institution charter.

Sony Bank received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) in July 2026 to establish Connectia Trust, a $40 million subsidiary aimed at issuing and managing U.S. dollar-denominated stablecoins, with operations expected to commence in 2027.