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Digital Euro Needed to Counter Stablecoins, Non-European Big Tech, ECB Chief Economist Says

CoinDesk LogoCoinDesk2d ago

Digital Euro Needed to Counter Stablecoins, Non-European Big Tech, ECB Chief Economist Says - CoinDesk

Quick Summary:

Philip Lane said the prevalence of electronic payments using Apple Pay, Google Pay and PayPal "exposes Europe to risks of economic pressure and coercion".

"The digital euro presents a unique opportunity to overcome the persistent fragmentation in retail payment systems across the euro area," he said.

The case for a CBDC may be greater especially for the ECB, given the eurozone encompasses multiple countries, Lane said.

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Digital Euro Needed to Counter Stablecoins, Non-European Big Tech, ECB Chief Economist Says - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Jamie Crawley

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 16:53:43 (2 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 292 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27195919

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 1 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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  • URL: https://beamstart.com/news/digital-euro-needed-to-counter-17424901603321

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