The ECB digital euro takes step forward after winning key European Parliament vote
CoinDesk·
60-second summary
The European Central Bank's digital euro is advancing after EU lawmakers backed a legal framework to develop the currency by 2029, aiming to reduce reliance on US credit card and stablecoin giants. This move could potentially disrupt the global payments market, estimated to reach $3.5 trillion by 2027, with significant implications for the financial industry.
EU lawmakers backed a legal framework to develop an ECB digital currency by 2029 so the continent can stop relying entirely on U.S. credit card and stablecoin giants.