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Thursday

22 April 2021

Could the EU use Stellar Lumens to issue its CBDC?

Could the EU use Stellar Lumens to issue its CBDC?


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However, in an interview with Bloomberg, Lagarde said that the decision on whether to approve the Digital Euro will be made by the ECB’s Governing Council.

Outlining the roadmap for the Digital Euro, ECB president said that they will soon publish an analysis of the public consultation process that was opened for the project.

Lagarde stressed that the “intermediaries” that depend on the current system will be able to continue to operate with the current institutions, credit lines and cash which ” will coexist” with the CBDC.

Most users believe that the banking institution will opt to use a private blockchain built specifically to host the CBDC.

However, they did not rule out that the Digital Euro could be “interoperable” with other CBDCs and could even be convertible to cryptocurrencies on the Stellar Lumens, Ethereum, or other blockchains

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