The ECB might accelerate the deployment of the digital euro to counter the growing adoption of private stablecoins

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The ECB might accelerate the deployment of the digital euro to counter the growing adoption of private stablecoins

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Cipollone recently emphasized the need to accelerate the launch of a digital euro, citing concerns over the growing influence of dollar-backed stablecoins. He urged the ECB to accelerate the deployment of the digital euro as a countermeasure to the growing adoption of private stablecoins.

Following Trump’s ban on CBDCs, Cipollone doubled down on his rhetoric — arguing the EU needs a digital euro to compete with privately issued stablecoins.

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