ECB: Digital Euro to Launch in 2029, Pilot Starts Next Year
- —The ECB plans to officially launch the digital euro in 2029
- —A pilot phase will begin in 2026
- —Cipollone: the digital euro is an innovation platform, not just a fix for payment gaps
- —Europe relies on Visa and Mastercard, while dollar stablecoins heighten regulator concerns
Why it matters: The digital euro could reshape Europe's payment infrastructure and competition with dollar-pegged stablecoins.
Source: PANews