The digital euro is planned for October 2025
Date: 2025-03-10 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The European Central Bank (ECB) has been developing the digital euro for more than five years and aims to complete this process by October 2025. However, this deadline remains indicative, since the final approval must be given by the European Parliament, the European Commission and the European Council. Without their consent, the project remains only a concept for now.
“We are accelerating work on the digital euro to avoid freezing it and bring it to a full launch. October 2025 is our target date, and we are preparing for it,” said ECB President Christine Lagarde.
According to her, the digital euro will be in demand in Europe both among private users and in the field of financial transactions between banks. The wholesale version of the CBDC is intended for institutions engaged in interbank settlements and international transactions, while the retail version will be available to citizens for everyday payments.
Lagarde also stressed that the EU intends to follow its own plan to implement a digital euro, despite the changes in the US position on this issue. US President Donald Trump recently signed an order prohibiting the Federal Reserve from launching a digital dollar, but this will not affect Europe's strategy.
Earlier, ECB Executive Board member Piero Cipollone said that the introduction of a digital euro will allow the EU to reduce its dependence on international payment systems such as Mastercard and Alipay, and strengthen Europe's financial sovereignty.
