Lagarde Calls for Rapid Digital Euro Rollout After Rate Pause
The ECB says it has finished the technical and preparatory groundwork for a European public digital currency and is pressing legislators to act swiftly. Christine Lagarde highlighted growing worries about the proliferation of global stablecoins, positioning the digital euro as a regulated alternative that could protect monetary sovereignty and reduce reliance on private payment assets.
Coming on the heels of the ECB's rate pause, the call for rapid rollout signals a policy shift toward securing the euro area’s digital payments infrastructure. If lawmakers approve the next steps, the move could accelerate pilot phases and shape how banks, regulators and crypto firms adapt—affecting payments efficiency, financial stability and the regulatory landscape for stablecoins across Europe.