ECB Urged to Embrace Blockchain Tech
ECB board member Isabel Schnabel stated that the central bank should adopt blockchain technology to protect its central role in the financial system. She argued that moving on-chain will help modernize monetary policy and counter private stablecoins.
The European Central Bank must adopt blockchain technology to protect its central role in finance, ECB board member Isabel Schnabel said on Friday afternoon. The transition aims to counter private alternatives like stablecoins and improve central bank agility during market stress. The shift preserves public money dominance as tokenised asset trading expands globally.
