The European Central Bank (ECB) has been exploring the idea of issuing a digital euro, with the aim of modernising the eurozone’s financial system and keeping pace with the rapidly evolving digital economy.
While Europe must not delay in implementing its own central bank digital currency (CBDC) – as other major global currencies update their payment infrastructures – it needs to be designed adequately. Yet a digital euro is only one part of the picture, with euro-denominated stablecoins an equally important topic, given that US dollar stablecoins already exist, boasting a daily trading volume in the tens of billions of dollars.
