The post ECB Signals Digital Euro Readiness as Lagarde Calls It a Stability Anchor for Europe’s Financial System appeared on BitcoinEthereumNews.com.

Key Takeaways: The European Central Bank (ECB) says its technical work on the digital euro is largely complete, shifting the decision to EU lawmakers. ECB President Christine Lagarde frames the digital euro as a financial stability anchor, not a bid to compete or set global examples. The project gains urgency amid rising geopolitical risks, private stablecoins, and rapid changes in global payment systems. The European Central Bank has moved a step closer to introducing a digital euro, with President Christine Lagarde confirming that the institution’s core work is done and political decisions now take center stage. Speaking on financial stability and digital currency, Lagarde positioned the digital euro as a necessary evolution of central bank money in a digital age. ECB: The Technical Phase Is Largely Complete Christine Lagarde made clear that the ECB has already delivered on its mandate regarding the digital euro. The focus now shifts away from engineers and policymakers inside the central bank toward Europe’s legislative bodies. According to Lagarde, the ECB has “carried the water,” meaning the groundwork, technical design, and system considerations are in place. The following procedures are that of the European Council and subsequently, the European Parliament. Such institutions have to make decisions on whether the proposal made by the European commission is agreeable and how it can be moulded into legislation or whether it should be reformed. This is a game changer for the project. The digital euro is no longer an imaginary and unproven project. Rather, it lies on the crossroads of law, governance, and trust of people. The ECB itself cannot issue a retail central bank digital currency (CBDC), even in case of technical preparedness, without legislative approval. Notably, Lagarde did not make deadlines or foresee results. That restraint reflects the ECB’s institutional role. Central banks design monetary tools,…

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Filed under: News - @ December 20, 2025 12:22 pm