ECB pitches digital euro as response to Trump's crypto push
Federaţia Rusă
FRANKFURT: Euro zone banks need a digital euro to respond to US President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the US dollar, European Central Bank board member Piero Cipollone said on Friday (Jan 24). Trump said he would "promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide" as part of a broader crypto strategy that he sketched out in an executive order issued on Thursday. Cipollone said this would
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