ECB Says Digital Euro Ready As Decision Moves To Lawmakers

European Central Bank officials said the institution is ready to roll out a digital euro after completing all technical and preparatory work. ECB President Christine Lagarde stated that the next step lies with the European Council and the European Parliament, which must decide whether to approve the proposal through legislation.

The digital euro is designed as a retail central bank digital currency, offering legal tender status similar to cash. According to the ECB, it would ensure that public money remains accessible in an increasingly digital economy while supporting privacy, inclusion, and financial stability.

Unlike stablecoins, the digital euro would represent a direct claim on the central bank rather than a privately backed token. Officials emphasized that safeguards and infrastructure are already in place, shifting focus entirely to the political process. If approved, the digital euro could become a cornerstone of Europe’s future payments system and a key tool for preserving monetary sovereignty in the digital age.

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