ECB Unveils Blockchain Payment System to Counter US Stablecoin Dominance
The ECB’s move is partly driven by concerns over the growing adoption of US dollar-backed stablecoins, which could increase American influence in the global financial system.
ECB: Digital Euro Enters ‘Preparation Phase’
By
Darya Rudz
If successful, the project will further move to the next stage, closer to the issuance. The full rollout will be possible only after completing the European Union’s legislative process by the Governing Council.