CBDC | European Parliament Backs Digital Euro to Reduce U.S Dollar Stablecoin Dominance in Payments

The European Parliament’s Economic and Monetary Affairs Committee has approved the long-awaited digital Euro proposal moving the European Central Bank’s central bank digital currency (CBDC) project a step closer to reality. The initiative is designed to strengthen Europe’s payment sovereignty and reduce the region’s reliance on U.S.-based payment networks such as Visa and MasterCard. Lawmakers backed legislation that would allow the digital Euro to function as a public digital form of money, available for both online and offline payments across […]