ECB board member: A digital euro is needed to respond to Trump's stablecoin promotion plan

ChainCatcher news, according to Reuters, European Central Bank board member Piero Cipollone stated on Friday that Eurozone banks need a digital euro to respond to U.S. President Donald Trump's efforts to promote stablecoins. This will help attract more customers away from banks and strengthen the European Central Bank's initiative to launch its own digital currency.

Currently, the Eurozone central bank is testing the feasibility of the digital euro, with a final decision pending the passage of relevant legislation by the European Parliament.