European Central Bank to 'Accelerate' CBDC Plans, Eyeing 2029 Digital Euro Rollout► https://t.co/GxVKMS7N6H https://t.co/GxVKMS7N6H ...

Digital Currency - The European Central Bank (ECB) anticipates a potential formal launch of a digital Euro in 2029 [1]

🇪🇺 JUST IN: The European Central Bank announces that a digital Euro could make a formal rollout in 2029. https://t.co/m8jlZnvvS9 ...

A fully-fledged digital euro should only be launched if the private sector doesn’t come up with its own solution to integrate the region’s fractured payments landscape, according to the lead European Union lawmaker on the file https://t.co/izol1gKTx6 ...

🚨UPDATE: ECB ANNOUNCES DIGITAL EURO PILOT PHASE COULD BEGIN AS EARLY AS 2027 ~ BLOOMBERG ...

CBDC Developments - The ECB indicates a potential digital euro launch by 2029 [1] - Europe's CBDC initiative raises questions about strengthening the euro versus tightening financial control [1]

Core Insights - A consortium of nine major European banks has been formed to issue a euro-denominated stablecoin, aiming to create a European alternative to US dollar stablecoins, which currently dominate over 99% of the global market [1][4]. Group 1: Consortium Formation and Regulatory Context - The consortium includes banks such as ING, UniCredit, and CaixaBank, and will operate under the EU's Markets in Crypto-Assets Regulation (MiCAR) [1]. - A Dutch-based company will be established to apply for an e-money license supervised by the Dutch Central Bank, with the stablecoin expected to be issued in the second half of 2026, pending regulatory approval [2]. Group 2: Features and Market Position - The stablecoin is designed for instant, low-cost transactions, 24/7 cross-border payments, programmable settlement, and applications in digital assets and supply chain management, with potential wallet and custody services offered by banks [3]. - The euro stablecoin market is currently fragmented, with EURC controlling 47%, STASIS EURO 26%, and CoinVertible 9%, and the combined capitalization is below €350 million, indicating its small scale compared to dollar-based tokens [5]. Group 3: Strategic Implications and Expert Opinions - The European Central Bank has expressed concerns that MiCA may be too lenient, and EU officials warn that unchecked US tokens could undermine euro stability [4][6]. - Experts highlight the need for stricter oversight of non-EU issuers and emphasize that digital payments are crucial for euro-denominated financial infrastructure, calling for industry-wide standards [6][7].

Digital Currency - Digital Euro launch unlikely before 2029 [1]

Crypto Market & Regulation - CZ refutes FT report on YZiLabs, stating it's not raising external funds and operates independently from Binance [1] - CFTC launches initiative for tokenized collateral in derivatives markets, seeking feedback by October 20 [1] - SEC clears listing of Grayscale Ethereum Trust ETFs under generic rules [3] Digital Currency & Investment - European regulators plan to launch the digital euro (CBDC) by mid-2029 [3] - Tether explores raising up to $20 billion, seeking a $500 billion valuation [3] - Morgan Stanley ($1.3 trillion) to allow E*Trade clients to trade $BTC, $ETH, and $SOL starting early next year [3] - Ripple stablecoin $RLUSD is now an off-ramp for BlackRock and VanEck tokenized funds via Securitize [3] Economic Outlook - Federal Reserve Chair Jerome Powell indicates tariffs had a smaller impact on inflation than initially expected [2] - President Trump suggests Bitcoin "will overtake gold" [3] - Donald Trump claims the U S is in a "golden age," citing record markets and $17 trillion in new investments [3]

Digital Euro & Blockchain - The report discusses the implications of a digital Euro on Ethereum or Solana for Europe's monetary sovereignty [1] Source - The source is a link to an external resource: https://t.co/6GGxP3gtiw [1]