From Yahoo Finance: 2025-05-15 08:33:00

The European Central Bank aims to launch a digital euro within two to three years, pending political decisions by early next year. Financial instability following Trump’s presidency highlights the need for Europe to reduce reliance on U.S. firms for digital payments. Consumers would have direct claims on the central bank with the digital currency, enhancing payment security. Political agreements are needed among EU member states to move forward. French central bank chief notes Trump’s presidency heightens the ECB’s determination.

Read more: ECB hopes to have political deal on digital euro by early 2026