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Despite the US rejecting a central bank digital currency (CBDC), global CBDC projects continue to face adoption hurdles. Former binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance executive Olga Goncharova highlights the struggles of major initiatives like China’s digital yuan and the EU’s digital euro. Russia’s digital ruble also faces delays, raising questions about the future of CBDCs.
- China's digital yuan, despite early development since 2014, struggles with minimal adoption and reports of project failure.
- The EU's digital euro is driven by strategic autonomy goals but faces resistance from banks and unresolved technological risks.
- Russia's digital ruble rollout is delayed, with officials debating its necessity and exploring ruble-pegged stablecoins as an alternative.
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