ECB Races to Build Wholesale CBDC as Digital Currency Landscape Shifts

Feb 20, 2025 10:04 pm Cryptocurrency 38

Key Takeaways:

ECB accelerates work on an interbank settlement system for a wholesale CBDC

The push for a digital euro is being driven by growing market demand and competition posed by stablecoins.

The prospects of CBDC continue to be shadowed by privacy and centralization concerns.

Frankfurt, Germany – The European Central Bank (ECB) is taking major strides toward building a wholesale central bank digital currency (CBDC) platform. This shift highlights a strategic move away from traditional banking towards the digital financial infrastructure, a reaction to rising global competition and a rapidly changing digital asset environment. In
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