Lagarde: ECB preparing digital euro, 12-month pilot to start in H2 2027
- —Digital euro pilot to run 12 months starting in H2 2027
- —Enabling legislation must be in place by the end of 2026
- —Lagarde says the CBDC will boost innovation and competition in retail payments
- —ECB frames the digital euro as a tool for Europe's strategic autonomy
Why it matters: A retail CBDC in the euro area could reshape competition for stablecoins and private payment providers across Europe.
Source: Bloomingbit