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Digital euro momentum builds

Europe is advancing the digital euro toward a 2029 launch through legislative approvals, ECB pilot programs, and growing private-sector participation.

6 entriesMon, Jun 15 – Mon, Jul 27Institutional Transition

Timeline

  1. Mon, Jul 27Latest

    Credit Agricole Launches Euro-Backed Stablecoin EURXT With Tokenized MMF Subscription

    Credit Agricole, one of Europe's three largest banks, launched a Euro-backed stablecoin called EURXT with live tokenized money market fund subscription functionality, adding a named top-tier European bank to the stablecoin issuer landscape.

  2. Sun, Jul 26

    Europe and Russia Advance Digital Currency Development as US CBDC Ban Takes Effect Until 2031

    The European Union and Russia are advancing their respective digital currency programs — the digital euro and the digital ruble — while the US CBDC ban now prohibits domestic development until at least 2031. China's digital yuan has processed approximately $2.37 trillion in transactions and is being used to bypass Western payment rails via the M-Bridge settlement network.

  3. Wed, Jul 15

    ECB Selects 36 Firms Including Deutsche Bank and Revolut for Digital Euro Pilot Program

    The European Central Bank selected 36 financial firms, including Deutsche Bank and Revolut, to participate in its digital euro pilot program. The selection expands the ECB's digital euro testing infrastructure from earlier advocacy statements to a formal multi-firm operational pilot involving major European and fintech institutions.

  4. Fri, Jul 10

    EU Parliament Greenlights Digital Euro

    The European Parliament approved a mandate to proceed with digital euro negotiations after a right-wing bloc failed in its attempt to block the vote. The decision advances the EU's central bank digital currency project to a formal negotiation phase.

  5. Fri, Jul 3

    ECB Targets 2029 Digital Euro Launch

    An ECB board member detailed a three-pillar plan for the digital euro, with a first issuance date as early as 2029. The plan establishes a formal timeline and structural framework for the ECB's central bank digital currency.

  6. Mon, Jun 15

    ECB's Lagarde Formally Positions Digital Euro as Europe's Systemic Financial Alternative

    ECB President Christine Lagarde publicly positioned the digital euro as Europe's primary answer to ongoing transformation in financial markets. The statement represents a formal policy framing of the digital euro as a systemic alternative to existing payment rails.