https://finance.yahoo.com/news/fed-unveils-paper-outlining-c…
The article is only a few paragraphs so I wont snippet here.
The pros and cons have been thought over. There is no conclusion.
It would bring down borrowing costs. Probably substituting for credit cards.
The FED will be late to the party.
In other news Gensler SEC is calling for regulating stable coins.