Doubts grow on whether the U.S. will ever launch a digital dollar—as Russia steps up efforts to make its digital ruble a mainstream payment method.

Russia's biggest bank is stepping up support for the digital ruble. Meanwhile, a new Citi report suggests demand for CBDCs among financial institutions is waning... and fast.

A key figure involved in preparing legislation for the digital euro has been accused of stalling by rival politicians—and over in Russia, Vladimir Putin wants his country to "seize the moment" and embrace the digital ruble.