Episode Details
Back to Episodes
Lagarde Warns Europe on Stablecoins, Pushes Digital Euro
Description
European Central Bank President Christine Lagarde warns against adopting the U.S. stablecoin model for a digital euro, advocating for tokenized settlement systems backed by central bank money instead. She highlights the risks of privately issued euro-pegged stablecoins, such as the Silicon Valley Bank crash, and emphasizes the need to maintain Europes monetary sovereignty. The ECB plans to launch a true central bank digital currency by 2029, with pilots starting in 2027, to avoid the pitfalls of private stablecoins.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/b4e892d57e253a2e