Europe’s Currency at a Crossroads: Digital Euro, Stablecoins, and the Mutiny of Money

The digital euro and dollar-denominated stablecoins represent two distinct approaches to programmable money - one rooted in central bank architecture and monetary sovereignty, the other in private infrastructure and market-driven adoption. Each carries different implications for how money is issued, held, settled, and governed in a digital economy. This session explores the fundamental design choices behind both instruments, what they are each built to do, and how they are likely to coexist - or not - as Europe's digital currency landscape takes shape.