ECB Executive Board Member: Introducing central bank currency into blockchain to promote the modernization of monetary policy implementation

According to Bloomberg, European Central Bank Executive Board Member Isabel Schnabel stated that central banks should introduce central bank money into blockchain to innovate the execution of monetary policy.

Implementing "on-chain" not only maintains the status of money as the "settlement cornerstone," but also allows central banks to utilize the programmable features of distributed ledgers to modernize the execution of monetary policy, collateral management, and liquidity provision, thereby promoting financial stability.