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

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DeFiLlama has USD-pegged stables around $319B versus roughly $742M of euro-pegged supply, so the euro is already a rounding error in onchain settlement. A retail digital euro penciled for possible 2029 issuance will not pry perps, lending books, or RWA settlement off USDT/USDC; liquidity stays where collateral, market makers, and CEX rails quote. Europe’s credible path is boring plumbing: Pontes/Appia-style wholesale settlement plus regulated EURC/EURCV/EURI liquidity that DeFi can actually route.

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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

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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

More coverage

Explore the topic

More on Digital Euro

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

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

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

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

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

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

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

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

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

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

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

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

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More on Digital Euro

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

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

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

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

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

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

ECB selects Nexi and Deutsche Telekom as network providers for digital euro connectivity

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

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

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

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

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

Total stats

How to Earn