This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The European Central Bank (ECB) reaffirms its commitment to keeping cash as a core payment method, even as it advances plans for a digital euro. Executive Board member Piero Cipollone warns that without a public digital currency, private stablecoins could dominate cross-border transactions.
- The ECB emphasizes that cash and the digital euro will coexist, both holding full legal tender status.
- Private stablecoins, especially those tied to the US dollar, pose regulatory risks if left unchecked in cross-border payments.
- Public demand for a digital euro remains low, with surveys showing strong preference for cash and traditional banking.
📎 Related coverage from: newsbtc.com
Related Tags: Stablecoin