Europe needs a euro stablecoin

Stablecoins could combine the efficiency and speed of digital payments with the security of bank deposits (File/Reuters)

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Europe has high hopes for the digital euro that is in development. Cash has long served as the ultimate anchor for commercial bank deposits — direct claims on the central bank — thereby underpinning trust in the financial system as a whole. In the digital age, when cash’s share of even small retail transactions is falling fast, the European Central Bank hopes that the digital euro can fill that role.

Europe needs a euro stablecoin

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