ECB’s Guindos Says Euro May Become Alternative Reserve Currency ‘In Some Years’

ECB’s Guindos Says Euro May Become Alternative Reserve Currency ‘In Some Years’

European Central Bank Vice President Luis de Guindos said the euro could become an alternative to the dollar as a reserve currency if Europe increases its integration efforts.

Live: European Central Bank Vice President Luis de...

Commission livid as ECB warns of crypto apocalypse under Trump – POLITICO

The official also claimed the ECB has recently been hyping the stablecoin menace to bolster political support for its controversial digital euro project, an effort to build a pan-European payment system that, it says, would shield Europe’s financial infrastructure from crypto-assets. Stablecoins denominated in dollars, which are backed primarily by U.S. treasuries, account for 99 percent of the $240 billion market, according to Frankfurt. The ce…

ECB Allocates Over One Billion Euros for Digital Euro Launch by October 2025, Lagarde Seeks to Reduce Reliance on Visa and Mastercard

The European Central Bank (ECB) is advancing plans to launch a digital euro by October 2025, with President Christine Lagarde confirming the decision timeline. The ECB has allocated over one billion euros to develop the digital currency, signaling a strategic move toward digital money as a cornerstone of future financial stability. This initiative aligns with broader European efforts to reduce reliance on U.S.-based payment systems such as Visa,…

Christine Lagarde's announcement of an acceleration in the implementation of the digital euro has aroused strong reactions, especially on social networks, where some denounce a lack of transparency and public consultation. You are challenged to ask the question to the 10 people closest to you, whether family, friends or supermarket cashier... by asking them if they know that by the end of the year the digital euro will be imposed in France! It's…

According to the ECB, the preparatory phase ends in October 2025 and if there is political consensus and technology is ready, progressive deployment could begin in 2026.