70 Economists Urge EU to Launch Public Digital Euro Over Private Stablecoins

Seventy European economists have called on EU lawmakers to prioritize public interest over private-sector lobbying in shaping the digital euro, warning that poor design choices could leave Europe dependent on foreign payment systems and dollar-backed stablecoins. The open letter, published Sunday by Utrecht University’s Sustainable Finance Lab, comes as the European Parliament prepares to finalize legislation that will determine whether the digital currency becomes a meaningful alternative to private mone ...