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RE: LeoThread 2025-04-19 22:44

in LeoFinance6 months ago

Nonetheless, even in the best reception prediction, the digital euro would still be used marginally, as over 1.56 trillion euros are currently issued in banknotes.

Unlike the U.S., which recently opposed the issuance of a dollar CBDC, Europe has been promoting the issuance of the digital euro to counter the rising relevance of dollar stablecoins and other cryptocurrencies.

In January, ECB board member Piero Cipollone stated that the digital euro would serve as a stopgap for the rise of these bankless solutions. “That’s why we need a digital euro,” he stressed.