Bundesbank President Joachim Nagel argues that a digital euro is essential to protect Europe’s monetary independence as global fragmentation and US stablecoins reshape payments.

A new ECB presentation highlights Europe’s plans for a digital euro, DLT settlement and cross-border payment interlinking as part of a wider effort to modernise central bank money.

Stablecoins have hit record global market capitalisation, with euro-denominated tokens still marginal. ECB analysts warn that rapid growth and cross-border arbitrage could amplify financial stability risks.

A growing number of economists, banks and consumer groups argue that the digital euro lacks a defined purpose and could introduce new risks to Europe’s financial system.

Europe’s shift to digital payments, dependence on foreign card networks and the rise of stablecoins have strengthened the ECB’s case for launching a secure, public digital euro.

Tether CEO Paolo Ardoino says USDT is a stepping stone, arguing that in the long run Bitcoin will become the world’s most used currency and ultimate check on the global financial system.

Canada’s newly approved 2025 budget introduces a regulatory framework for stablecoins, setting reserve, redemption and oversight requirements under the Bank of Canada.

A new IMF Fintech Note shows global momentum behind tokenized reserves, highlighting policy drivers, technical models, and implications for future monetary systems.

China and the UAE have carried out their first cross border CBDC payment using the JISR network, a milestone that deepens financial ties and accelerates global digital currency adoption.

ECB supervisor Pedro Machado told investors the digital euro is needed to keep central bank money at the core of Europe’s system as stablecoins and tokenised deposits expand.