Without a doubt, China is in the lead of the CBDC landscape. It's already developing the "Digital Yuan" for widespread use among the region. Instead of being skeptical about crypto/Blockchain tech, China has embraced digital currencies for its own benefit. On the other hand, western countries like the US and Canada are still stuck with the legacy system (physical cash). The US has been quite skeptical of launching a "Digital Dollar", with no indication of its development so far. If China launches the "Digital Yuan" first, it could possibly replace the US Dollar as the world's next reserve currency. It's all a matter of adopting the latest technologies in order to stay ahead in the game.

With everything that has happened during the course of COVID-19's lifetime, the need for government-issued digital currencies (CBDCs) becomes evident. Physical cash will soon become history as other countries mimic China by developing their own national digital currencies. I hope the US doesn't get left behind, by adopting a "Digital Dollar" as soon as possible. Otherwise, it'll be the end of the US Dollar's hegemony. We're going to have to wait and see what happens with the global economy after the launch of a CBDC. Just my opinion