Digital Euro Push to Save Banks | Bitcoin and Crypto News

Piero Cipollone, a top ECB official, warns that stablecoins could drain traditional banks of deposits and customer data, accelerating their decline as digital payments surge. He’s pushing for a digital euro to keep Europe’s financial system anchored in public money and ensure banks stay relevant — not just as intermediaries, but as essential players in the digital economy. The ECB has already selected 36 firms for a 12-month pilot to test the digital euro’s viability, with a potential launch as early as 2029 — a bold move to future-proof Europe’s financial infrastructure without losing control. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0d7f0ac65a627535