ECB dey rush rollout of Digital Euro but e no go replace cash
European Central Bank (ECB) dey rush to launch dia digital euro but dem confirm say physical cash go still remain legal tender. ECB executive board member Piero Cipollone talk say the digital euro wey dem design as regulated alternative to private stablecoins go dey alongside euro banknotes and coins to maintain payment autonomy for Eurozone. Even tho momentum strong, one ECB study wey dem do for March show say public no too wan digital euro compare to the traditional cash wey dem dey hold. ECB adviser Jürgen Schaaf also call for global collaboration on stablecoin regulation, e propose euro-pegged stablecoins and DLT applications together with central bank digital currency.
Neutral
Di ECB clear say cash go still dey alongside di digital euro, e dey give market confidence without causing immediate shock to crypto trading. As di digital euro rollout dey quicken, e dey show progress towards central bank digital currency and fit reduce private stablecoin use over time. Dis kain move na like past cautious launches (like e-Krona and digital yuan pilots) wey no cause much price wahala. Traders go likely dey observe first, dey watch di digital euro progress but dem go maintain neutral positions for now.