ECB Taps 36 Payments Firms for Digital Euro Pilot While US Ditches CBDC Until 2030

The European Central Bank (ECB) on Tuesday said it has selected 36 payment service providers (PSPs) such as Deutsche Bank to participate in a 12-month pilot for the digital euro. This marks a major step toward a potential launch of the central bank digital currency (CBDC) by 2029, defying the antiCBDC push by the US.