Central banks worldwide are accelerating their exploration of Central Bank Digital Currencies (CBDCs).
The European Central Bank (ECB) has announced the next phase of its digital euro project, focusing on technological development and stakeholder engagement. Meanwhile, the Federal Reserve is conducting research and public consultations on a potential digital dollar.
China continues to lead the way with its Digital Yuan, expanding pilot programs in multiple cities and integrating it with popular payment platforms.
These developments reflect a growing recognition of the need for digital currencies to complement existing monetary systems and enhance financial inclusion.
