ECB Tokenized Euro Plan Unlikely to Kill Stablecoins in Europe

TLDR: The tokenized euro would give regulated blockchain markets a direct central bank settlement asset. It would not serve as retail money initially. Schnabel says stablecoin issuers cannot create liquidity during stress. That limit weakens their case as the final wholesale settlement anchor. Pontes launches in September with finality in T2. Later upgrades will add [...]

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