数字欧元进入关键阶段，目标是到2027年年中进行试点

Core Insights - The European Central Bank's digital euro project has entered a critical phase after years of research, aiming to create an electronic cash version for all eurozone citizens [1] - The project is currently focused on technical aspects, with a pilot expected by mid-2027, contingent on legislative approval in 2026 [1] Group 1 - The project represents a significant qualitative leap, with two years of preparatory work leading to the current stage [1] - The implementation of the digital euro requires consideration of technical development, large-scale testing, and participation from banks, payment service providers, and merchants [2] - Following regulatory approval, the entire operational process may take an additional two to three years to complete [2] Group 2 - The rising importance of stablecoins in the financial system poses risks, as a market run could threaten European financial stability, macroeconomic conditions, and inflation, potentially necessitating intervention from the ECB [2]