The US wants to win this fight and the broader European public may be blissfully unaware. But those in charge of the Eurozone are also determined that this battle for technological control over the economy is one that the EU must not lose. This is the fundamental motivation for the digital euro — a central bank-issued official digital currency that, if done well and fast enough, will rival or outperform the attractiveness of dollar stablecoins.
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The battle for the global payments system is under way
But the most important benefit is that a digital infrastructure for automated digital contracts — payment “rails” whose safety is guaranteed by the central bank — creates a whole new...
