Revolut Begins EURR Rollout as ECB Outlines Digital Euro Privacy Protections
Revolut has begun rolling out its Stripe-backed EURR stablecoin, while the European Central Bank reaffirms max privacy protections for its upcoming digital euro.
Central Bank Digital Currency (CBDC)
A central bank digital currency (CBDC) is a digital form of a country’s sovereign currency issued and regulated by a central bank. Unlike cryptocurrencies, it is centralized and represents a direct liability of the issuing authority. CBDCs are designed to function as legal tender and can be used for payments, transfers, and settlement. They may operate on distributed ledger technology or other controlled digital systems. Central banks explore CBDCs to improve payment efficiency and financial inclusion.
Latest Central Bank Digital Currency (CBDC) News
ECB Defends Digital Euro Privacy Protections Amid Global CBDC Scrutiny
European Central Bank official Piero Cipollone highlighted the digital euro’s privacy design, asserting that the Eurosystem will not track user…
Bank of England Tests Interoperability Between Stablecoins and Digital Pound
The Bank of England’s Digital Pound Lab has launched a cross-border trade finance trial testing interoperability between private stablecoins and…
BIS Project Agorá Settles $1M in Tokenized Cross-Border Payment Trials
The Bank for International Settlements announced that Project Agorá has successfully concluded real-value testing for tokenized wholesale cross-border payments, settling $1 million across six currencies involving…
South Korea Plans Tokenized Government Bond Pilot and Digital Asset Law
South Korea plans a tokenized government bond pilot linked to its institutional CBDC project while advancing comprehensive crypto legislation, won-backed stablecoin rules, and a framework for…
US Senate Passes Bipartisan Housing Bill with Embedded CBDC Ban Until 2030
In a decisive 85-5 vote, the US Senate advanced a massive housing affordability package containing a critical regulatory provision that blocks the Fed from developing a…
ECB Signs Standards Agreements to Streamline Digital Euro Integration
The ECB has partnered with major European standards bodies to reuse existing payment frameworks for the digital euro, aiming to lower integration costs and improve interoperability.
ECB Targets Summer Deadline for Digital Euro Standards
The ECB aims to finalize key digital euro standards by summer, preparing banks and merchants for future rollout.
Bundesbank Pushes Euro-Pegged Stablecoins to Counter Dollarization
Bundesbank President Joachim Nagel advocates euro-denominated stablecoins and wholesale CBDCs to support the euro’s global role and mitigate risks from USD-pegged counterparts.
European Parliament Backs Digital Euro to Bolster Monetary Sovereignty
European lawmakers endorsed the European Central Bank’s digital euro project, framing it as a strategic tool to strengthen monetary sovereignty and reduce reliance on foreign payment…