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Eurozone Explores Tokenizing SEPA Payments
Description
Bank of Italys Deputy Governor, Chiara Scotti, advocates for tokenizing SEPA payments, suggesting it could enhance Europes digital finance infrastructure. The European Central Bank is also exploring tokenized deposits and stablecoins, with a Pontes pilot planned for Q3 2026. Officials are concerned about stablecoins potentially undermining the euros dominance and causing volatility. The ECB is promoting tokenized central bank money as a solution. As Europe navigates digital payments, stay tuned for developments that could significantly impact cross-continent transactions.
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