The European Central Bank finally made a move. It launched the “Pontes” platform, bringing the digital euro to the wholesale financial markets for the first time. Banks can now settle trades on decentralized ledgers using central bank money. This isn’t a minor step—the ECB has made it clear that it wants central bank money to be another option beyond private stablecoins.
Tokenized money is here. The ECB also warned that if USD-denominated stablecoins see widespread use in Europe, it could lose control over monetary policy. Looks like sovereign states are genuinely panicking.
A retail digital euro is also under development, which is an important signal for the crypto market. Traditional finance is embracing blockchain technology, but the form and direction are different from those in the crypto world. This could mean more innovation through regulatory cooperation in the future, rather than a path that’s completely decentralized.
#Web3 #数字货币 #US Federal Reserve
Tokenized money is here. The ECB also warned that if USD-denominated stablecoins see widespread use in Europe, it could lose control over monetary policy. Looks like sovereign states are genuinely panicking.
A retail digital euro is also under development, which is an important signal for the crypto market. Traditional finance is embracing blockchain technology, but the form and direction are different from those in the crypto world. This could mean more innovation through regulatory cooperation in the future, rather than a path that’s completely decentralized.
#Web3 #数字货币 #US Federal Reserve