The digitization of national currencies by central banks around the world could usher in a new era for finance and the international monetary system. Similarly, the rise of private digital currencies - like Bitcoin and Libra - introduces new opportunities for storing value and transacting. Together, this new era could transform everything, including the services commercial banks provide, the ability of a central bank to control money supply, and the future of USD-dominant reserves and global financial transactions. What will the impact of digital currency be on financial institutions, services, and public policy tools? Will the US dollar continue to underpin global transactions or will digitized national currencies give rise to other dominant currencies? What sort of regulations on digital currencies, public or private, can be expected?