Digital Euro Race Heats Up

🌍 **“ECB accelerates digital euro deployment amid U.S. stablecoin surge”**

ECB President Christine Lagarde urged faster rollout of the digital euro, calling U.S. stablecoin expansion “directly threatening” European monetary sovereignty  .

ECB’s trial phase with 70 firms is ongoing, with full political agreement expected late 2025 and potential launch by 2028 if legislation passes  .

The stablecoin supply has ballooned to $247 billion—nearly 10% of U.S. currency in circulation—prompting regulators to weigh CBDC against the risk of private-sector alternatives  .

EU lawmakers remain cautious after an ECB payment system outage, questioning digital euro reliability—but ECB staff maintain infrastructure is robust  .


Why it matters: This reflects a global monetary shift: central banks racing to issue CBDCs to prevent private stablecoins from undermining national currencies. Europe is now in a high-stakes digital currency sprint.
#DigitalEuro #CBDC

Central banks are accelerating CBDC development to counter private stablecoins. Europe's digital euro race highlights the urgency to protect monetary sovereignty amid growing stablecoin usage.