ECB Urged to Fast-Track Digital Euro Amid Trump’s Stablecoin Push
- Piero Cipollone, ECB board member, calls for accelerated digital euro efforts.
- Trump’s executive order promotes global dollar-backed stablecoins and prohibits federal CBDC plans.
- Total stablecoin market cap exceeds $211 billion, with a 4.2% increase in the last 30 days.
- Monthly transaction volume for stablecoins surpasses $6 trillion as of Jan. 24.
- The ECB proposes capping digital euro holdings to mitigate bank deposit losses.
The European Central Bank is urged to expedite its digital euro initiative following Trump’s push for dollar-backed stablecoins, with the total stablecoin market cap now over $211 billion.
Source (2.6.1)https://cryptoslate.com/ecb-urged-to-fast-track-digital-euro-amid-trumps-stablecoin-push/?rand=24433
