Digital Euro vs. Private Stablecoins

[madmax]

The ECB is exploring a digital euro, expected to launch around 2029, to reduce dependence on non-European providers and unify payments.

However, stablecoin issuers see challenges:

Limited functionality so far

Bureaucracy, slow adoption, and potential political hurdles

CBDC caps could reduce scalability and accessibility

Issuers suggest private euro-backed stablecoins may address real-world needs faster than a digital euro.

[Abdul Khan]

The real competition will be trust — not tech. Users will pick whichever feels safer.