The EU official, who spoke anonymously to Politico, claimed the ECB has been exaggerating the stable‑coin threat to rally political backing for its digital‑euro project, designed to create a pan‑European payments system that should protect the bloc’s financial infrastructure

Event date

Apr 14, 2025 - 12:00am

Quotes that support claims

The official also claimed the ECB has recently been hyping the stablecoin menace to bolster political support for its controversial digital euro project, an effort to build a pan-European payment system that, it says, would shield Europe's financial infrastructure from crypto-assets.

The gulf between the institutions’ views turned into a clash during the meeting as EU officials and most governments pushed back against the central bank, according to two diplomats and one EU official, who were granted anonymity to speak freely about private talks.