Europe wants to turn Digital Euro (CBDC) into a stablecoin
Europe had first-mover advantage with stablecoins. Then killed stablecoins with regulatory madness: - No yield - €200M/day issuance cap - 60% reserves stuck in weak EU banks Outcome? € stablecoins = $500 million USD stablecoins = $265 billion That’s 500x difference! Tether exited EU. Circle pivoted to USDC. No one wants to build on broken rails. Now ECB wants to “tokenize” Digital Euro on-chain. Digital Euro is a CBDC… But ECB wants to make Digital Euro a stablecoin. Public chains