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Could the EU use Stellar Lumens to issue its CBDC? According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year.

Could the EU use Stellar Lumens to issue its CBDC? According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year.



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  1. Christine Lagarde, notorious hater of crypto, infatuated with rampant money printing! Would take any bullish news with her name on it with a pinch of salt!

  2. tldr; ECB President Christine Lagarde has said that a decision on whether to approve the Digital Euro will be made by mid-year. The ECB will publish an analysis of the public consultation process that was opened for the project. The bank will then deliver the results to the European Parliament and receive the green light to pilot the CBDC.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Well Lagarde is well versed with XRP and if you want to see the IMF discussing digital assets [29 minutes in](https://youtu.be/t-BPbhQWlpw)

    I could definitely see XLM or XRP being used given the scalability of their ledgers. However my personal bias is heavier towards XRPL which wont be used as its public and I know Ripple are specifically designing a private CBDC ledger using XRP for this exact reason. So the question would be, can XLM provide the necessary privacy on ledger required for integration to CBDCs. BUT, If a smaller country without the complex financial frameworks was to use a public ledger and succeed, it could very well start a chain reaction.

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