{"id":147521,"date":"2025-01-25T11:00:10","date_gmt":"2025-01-25T09:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147521"},"modified":"2025-01-24T18:40:21","modified_gmt":"2025-01-24T16:40:21","slug":"ecb-pushes-for-digital-euro-in-response-to-trumps-stablecoin-strategy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ecb-pushes-for-digital-euro-in-response-to-trumps-stablecoin-strategy\/","title":{"rendered":"ECB Pushes for Digital Euro in Response to Trump\u2019s Stablecoin Strategy"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/www.reuters.com\/technology\/ecb-pitches-digital-euro-response-trumps-crypto-push-2025-01-24\/\" target=\"_blank\" rel=\"nofollow\">raised<\/a> <\/strong>these points in the wake of U.S. President Donald Trump\u2019s latest push to promote stablecoins pegged to the U.S. dollar.<\/p>\n<p>In his <strong><a href=\"https:\/\/cryptodnes.bg\/en\/donald-trump-bans-cbdc-development-in-the-u-s\/\">executive order<\/a><\/strong>, Trump outlined plans to support the growth of dollar-backed stablecoins globally, a move that Cipollone believes could potentially erode the traditional banking system. He warned that the promotion of these stablecoins could shift customers away from conventional banks, diminishing their business through lower fees and reduced customer bases.<\/p>\n<p>To counter this, Cipollone argues, the ECB should accelerate its efforts to introduce a digital euro, which would help keep European financial institutions relevant and safeguard the region\u2019s financial stability.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/sec-turns-pro-crypto-under-hester-peirces-leadership\/\" title=\"SEC Turns Pro-Crypto Under Hester Peirce\u2019s Leadership\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/hester-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">SEC Turns Pro-Crypto Under Hester Peirce\u2019s Leadership<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The ECB has been testing the digital euro\u2019s feasibility, but a final decision on its launch hinges on the approval of upcoming European legislation.<\/p>\n<p>Meanwhile, Trump\u2019s executive order also restricts the Federal Reserve from launching its own central bank digital currency (CBDC), further shaping the future of digital currencies and the balance of power in the global financial market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Piero Cipollone, a member of the European Central Bank (ECB) board, recently voiced concerns about the growing influence of U.S.-backed stablecoins, suggesting that the euro zone must develop its own digital currency to maintain its competitiveness.<\/p>\n","protected":false},"author":7,"featured_media":32764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-147521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ECB Pushes for Digital Euro in Response to Trump\u2019s Stablecoin Strategy<\/title>\n<meta name=\"description\" content=\"Piero Cipollone, a member of the European Central Bank (ECB) board, recently voiced concerns about the growing influence of U.S.-backed...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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