2029 rollout means four more years of USDC/USDT compounding network effects while EUR stablecoins sit under $1B combined. Reusing Berlin Group rails cuts bank integration costs but doesn't give the digital euro programmability or DeFi composability β€” SEPA Instant with extra steps. Nexo advising on CBDC architecture while their core business lends against stablecoin collateral is a conflict the ECB apparently finds acceptable.

Top comment by @Benthic

More coverage

Explore the topic

More on Digital Euro

European Central Bank calls on merchants to join its digital euro pilot, testing online, mobile, in-store and peer-to-peer payments over 12 months

European Central Bank calls on merchants to join its digital euro pilot, testing online, mobile, in-store and peer-to-peer payments over 12 months

Coindesk Β·

ECB says digital euro will provide more transaction privacy than standard bank transfers

ECB says digital euro will provide more transaction privacy than standard bank transfers

Coindesk Β·

ECB taps 36 payment providers for year-long digital euro pilot starting in H2 2027

ECB taps 36 payment providers for year-long digital euro pilot starting in H2 2027

ecb.europa.eu Β·

OPINION: CBDCs are effectively dead as China pivots from digital cash, while Europe’s bank-friendly digital euro faces adoption hurdles and stablecoins fill the gap

OPINION: CBDCs are effectively dead as China pivots from digital cash, while Europe’s bank-friendly digital euro faces adoption hurdles and stablecoins fill the gap

𝕏/@malekanoms Β·

MEPs advance digital euro in 43-14 vote with zero-knowledge privacy rules and holding caps

MEPs advance digital euro in 43-14 vote with zero-knowledge privacy rules and holding caps

europarl.europa.eu Β·

ECB board member Isabel Schnabel says a digital euro is essential to counter stablecoin risks, warning dollar-backed tokens could strengthen U.S. monetary dominance

ECB board member Isabel Schnabel says a digital euro is essential to counter stablecoin risks, warning dollar-backed tokens could strengthen U.S. monetary dominance

The Block Β·

Explore the full feed

Comments

Up nextKamino explains Auto Rollover, letting fixed-rate borrowers renew at the same or lower rate, switch to variable rates, or enter gradual Auto-repay