would make you wonder how.

A wholesale CBDC, as a system between banks that only banks use, but not you and me, needs no bank consolidation. So they can't mean that.

one of the major obstacles to CBDCs is that banks are dead set against a retail CBDC, i.e. one that individual people use. That would be a CBDC account, presumably with the Fed, and it would eliminate banks as providers of individual bank accounts. Though those are not profit centers, necessarily, for banks, they are capital inflow centers.

The article speaks of a "public private partnership", but.. what would that mean? bank CBDCs? Like bank issued money, like in the old days, but pegged to the dollar - basically a line of 5, 6 bank issued stablecoins?