European Stability Mechanism (ESM) Managing Director Pierre Gramegna believes that the digital euro is more necessary than ever.
The Trump administration's interest in cryptocurrencies and dollar-denominated stablecoins could threaten Europe's monetary autonomy and financial stability.
The European Central Bank (ECB) has been developing a digital euro since 2021 and is expected to decide on its implementation later this year.
The ECB hopes that the change in the U.S. perception of digital currencies will help accelerate the process of implementing the digital euro.