The European Central Bank has launched a settlement platform today—this time, it didn’t go through stablecoins
The European Central Bank (9/21) officially launched a platform called Pontes, which allows eligible institutions to settle tokenized assets directly using “central bank money.” It integrates a distributed ledger into the euro system’s TARGET settlement system. The positioning is stated very clearly: in addition to adding stablecoins for wholesale settlement, it provides another option.
The other track is the retail version of the digital euro, which won’t start piloting until the second half of 2027. So what’s being rolled out first is not a wallet for ordinary people, but a pipeline for institutions 🏦
What I’m curious about is this: once the central bank itself holds onto the settlement channel, how much room remains for a business model that “earns by taking the settlement spread” by using stablecoins afterward?
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#欧洲央行启动区块链欧元结算
The European Central Bank (9/21) officially launched a platform called Pontes, which allows eligible institutions to settle tokenized assets directly using “central bank money.” It integrates a distributed ledger into the euro system’s TARGET settlement system. The positioning is stated very clearly: in addition to adding stablecoins for wholesale settlement, it provides another option.
The other track is the retail version of the digital euro, which won’t start piloting until the second half of 2027. So what’s being rolled out first is not a wallet for ordinary people, but a pipeline for institutions 🏦
What I’m curious about is this: once the central bank itself holds onto the settlement channel, how much room remains for a business model that “earns by taking the settlement spread” by using stablecoins afterward?
👉 关注我，点击进入聊天室，学习更多策略
#欧洲央行启动区块链欧元结算
