EU Governments Agree on Digital Euro in Key Step for Project

European Union governments agreed on a common position on the digital euro, marking an important milestone for the project that’s seen as crucial for the bloc’s monetary sovereignty and the joint currency’s global role as the US touts dollar-denominated stablecoins.

“The digital euro is an important step toward a more robust and competitive European payment system, and can contribute to Europe’s strategic autonomy and economic security, as well as a strengthened international role for the euro,” Danish Economy Minister Stephanie Lose said Friday in a statement published by the EU’s Council. Denmark currently holds the Council’s rotating presidency.

Stephanie Lose

Photographer: Simon Wohlfahrt/Bloomberg

The ...