Zenith Horizon Capital

China has accelerated the rollout of its digital yuan, now accepted by over 50 million merchants across the country. This expansion coincides with increased CBDC development globally, with the European Central Bank advancing its digital euro project and the Federal Reserve publishing research on a potential digital dollar. These government-backed digital currencies promise to improve payment efficiency and financial inclusion, though privacy advocates express concerns about potential surveillance. Meanwhile, private cryptocurrencies face growing competition and regulatory scrutiny as CBDCs gain traction.