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There is about $1.2 trillion dollars of U.S. currency in circulation. The Federal Reserve Banks distribute new currency for the U.S. Treasury Department, which prints it. Depository institutions buy currency from Federal Reserve Banks when they need it to meet customer demand, and they deposit cash at the Fed when they have more than they need to meet customer demand.
Digital fiat currency issued by the Central Bank. Central Bank Issued Digital Fiat Currency. Enabling central banks to issue digital fiat currency, the eCurrency technology powers an instrument that has the same legal tender status as banknotes and coins. Digital fiat currency is secure, transparent, and efficient. The digital payment instrument issued by the Central Bank infuses trust in all digital transactions.