Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde Says
A digital euro for retail payments would "ensure that sovereign money remains at the core of European payment systems," according to Lagarde.
ECB
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
The enthusiasm jolt from bitcoin's ascent toward $14K ran into realism, and options traders see low probabilities of a new price record this year.
Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.
An executive member at the European Central Bank says a digital euro could protect the eurozone's monetary sovereignty from outside influence.
The EU central bank said the term stablecoin is potentially "confusing" and "misleading" to consumers.
ECB
First Mover: ECB Stimulus May Offer Market Hope After Bitcoin Fails (Again) to Break $10K
After another failure above the $10,000 mark, some bitcoin traders are now looking ahead to this week's European Central Bank meeting, where authorities could commit to an extra €500 billion in money injections – er, asset purchases.
