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Piero Cipollone, Executive Board Member of the ECB, explained that the adoption of central bank money, including a digital euro, would serve to set an European sovereign defense against stablecoins. He stressed that stablecoins pose distinct risks to financial stability and to the implementation of effective monetary policy. ECB Highlights Relevance of Digital Euro to … Read more
The European Systemic Risk Board has recommended a ban on multi-issuance stablecoins, a move that aligns with the European Central Bank’s campaign to limit their use. The core motivation is mounting concern over foreign influence and the protection of European monetary sovereignty. A Push for Sovereignty Over Stability The European Systemic Risk Board’s (ESRB) recommendation … Read more
The European Central Bank just supercharged the digital euro’s momentum, locking in top-tier firms to build core infrastructure components that could revolutionize payments across Europe. European Central Bank Secures Tech Partners While Awaiting Digital Euro Regulation The European Central Bank (ECB) continues to advance preparations for a potential central bank digital currency (CBDC) as it … Read more
Piero Cipollone, member of the ECB Executive Board, delivered a keynote at the Baltic conference “Payments & Policy in a Changing Environment,” arguing the digital euro is essential to preserve Europeans’ ability to use sovereign money as transactions go increasingly digital. Cipollone framed the digital euro as an extension of central bank money that would … Read more
The European Central Bank’s digital euro trials revealed some breakthroughs in payment innovation, with broad support fueling ambitious 2026 plans to expand access, efficiency, and inclusion. ECB Pushes Forward With Next Phase of Digital Euro Testing The European Central Bank (ECB) has unveiled the results of its digital euro innovation platform and outlined plans for … Read more
Europe is racing toward a historic financial shift as the digital euro accelerates, setting the stage for disruption of global payments and banking. ECB Eyes Mid-2029 Launch as Digital Euro Gains Political Momentum Policymakers in Europe are accelerating discussions on a central bank digital currency as momentum gathers behind the long-running digital euro project. Expectations … Read more
On September 4, 2025, ECB Executive Board Member Piero Cipollone addressed the European Parliament, advocating for a digital euro to strengthen Europe’s payment system resilience and strategic autonomy. Speaking in Brussels, Cipollone highlighted the digital euro’s role in reducing reliance on non-European payment providers, which dominate 66% of euro area card transactions, citing high fees … Read more
Lagarde stressed that stablecoins should comply with EU-equivalent regulations in other jurisdictions to operate in the region. She also called for establishing assurances to avoid the transfer of EU funds abroad in the case of runs on these assets. Lagarde Stresses Stablecoin Projects Should Comply With EU-Equivalent Regulation in Other Jurisdictions The European Union (EU) … Read more
European Union officials are accelerating plans for a digital euro in response to the recent passage of a stablecoin law in the United States, which has raised concerns about the competitiveness of a European digital currency. The U.S. Congress approved legislation overseeing the $288 billion stablecoin market, prompting EU discussions on potentially utilizing a public … Read more
A recent report prepared by ECB officials found that cash has maintained its relevance even in the EU, with predictions of a cashless society failing to materialize. While cash usage has been slowing down in the payments arena, its adoption has grown in other ways. Study Finds Cash Is Still Somewhat King for EU Citizens … Read more