Digital Euro Limited to €1.5 Trillion: ECB's Fabio Panetta Outlines CBDC Vision

The future of money in Europe is taking shape, and the digital euro is at the forefront. Fabio Panetta, a member of the European Central Bank's executive board, has provided crucial insights into the ECB's plans for this central bank digital currency (CBDC). According to Panetta, the supply of digital euro will be limited to a maximum of 1.5 trillion.

This key detail emerged as The European Central Bank (ECB) provided an update on its plans for a central bank digital currency (CBDC) to the European Parliament’s Committee on Economic and Monetary Affairs. In a speech for the Committee on Economic and Monetary Affairs of the European Parliament, Panetta disclosed ECB would most likely cap the number of digital units issued.

The proposed limit of €1.5 trillion raises important questions about the role of the digital euro in the broader economy. What implications does this cap have for its accessibility and adoption? How will this limitation affect the digital euro's potential to compete with existing payment systems and other cryptocurrencies?

Hace 1 día Former European Central Bank (ECB) official and Governor of the Bank of Italy, Fabio Panetta, touted the digital euro as a key tool for controlling the risks of increasing reliance on private payment methods. His perspective highlights the ECB's vision of the digital euro as not just a technological innovation, but also a strategic instrument for maintaining financial stability and sovereignty.

Stay updated on the latest developments surrounding the digital euro and its potential impact on the European financial landscape.