The digital euro: Surveillance money, or a better alternative to cash?
The digital euro is one of Europe’s most contentious financial projects. Supporters see it as a way to preserve the bloc’s monetary sovereignty, reduce its...
Tag : euro
ECB picks 36 payment providers to test digital euro ahead of 2027 pilot
The European Central Bank is moving the digital euro from planning into testing, with dozens of payment companies joining the next stage of the project....
French banking giant Crédit Agricole launches EURXT euro stablecoin
Crédit Agricole, Europe’s third-largest bank by assets, has launched the EURO eXchange Token (EURXT), a euro-backed stablecoin issued through its asset servicing arm, Crédit Agricole...
ECB pushes digital euro forward as U.S. Senate blocks CBDCs
The European Parliament has advanced legislation for a digital euro, bringing the EU closer to launching a central bank digital currency, while the U.S. moves...
EU committee advances digital euro bill after key vote
The creation of an EU-issued digital euro moved a step closer Tuesday after a key European Parliament committee vote. The EP’s Economic and Monetary Affairs...
Euro and USD stablecoins depeg amid ongoing $2.8M StablR exploit
An ongoing exploit is impacting StablR, resulting in the depeg of its Euro and USD stablecoins, while a compromised private key has been blamed, adding...
ECB pushes back on euro stablecoin proposals, citing financial stability risks
The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy,...
Euro stablecoin project Qivalis adds 25 banks ahead of launch
Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions on Wednesday after adding 25 new banks across 15 countries....
ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’
In brief ECB President Christine Lagarde said euro stablecoins are “not an efficient way” to boost the euro’s global role, warning their risks outweigh short-term...
Stablecoins won’t strengthen global role of euro, ECB’s Lagarde says
European Central Bank (ECB) President Christine Lagarde said stablecoins are not Europe’s best route to strengthening the euro’s international role, pushing back against calls to...