ECB Digital Euro Go Complement Cash And Protect Autonomy
European Central Bank (ECB) executive board member Piero Cipollone confirm say digital euro go complement, no go replace, physical cash, dey maintain legal tender status and boost Europe payment independence. The regulated digital euro wey build on distributed ledger technology get aim to reduce privately issued and foreign stablecoins, strengthen monetary sovereignty, and reduce dependence on US dollar pegged alternatives. ECB survey show say consumers never too dey use am: participants allocate small portion of hypothetical €10,000 portfolio to digital euro. Despite this, ECB still talk say cash dey important during crisis and digital failure. ECB adviser Jürgen Schaaf also talk say worldwide stablecoin regulation and euro pegged alternatives needed to strengthen monetary control. ECB get plan to roll out digital euro gradually with market stakeholders coordination.
Neutral
Di digital euro news no go too fit change crypto prices directly. As e be CBDC, e dey complement cash and e dey target stablecoins no be big cryptocurrencies. For short term, traders fit see small gbege for stablecoin projects, but wider crypto assets still dey run based on market sentiment and DeFi progress. For long term, the regulated digital euro fit slightly reduce stablecoin demand, but big tokens go still dey trade based on fundamentals, meaning the overall crypto market impact go remain neutral.