ECB Pushes for Digital Euro in Response to Trump’s Stablecoin Push

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In a latest development, European Central Bank board member Piero Cipollone stated that euro zone banks need a digital euro to counter U.S. President Donald Trump’s promotion of stablecoins, which are typically pegged to the U.S. dollar. Notably, Trump said he would promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide as …