At least the conversation on the alternative form of currency has initiated. With that perspective, it should be celebrated by the enthusiasts who are talking about digital assets. As you rightly pointed out, digital dollar is nowhere to near to the true sense of digital assets blockchain pioneers aimed for. Transparency is a key factor that differentiates these two. I would rather say that digital dollar is just the digitization of the cash flow system of the current form of USD. It will digitize and expedite the process but will not adopt the concept of blockchain.

Nevertheless, it will for sure fan the conversation and interest around crypto assets.