PANews reported on January 24 that according to Reuters, Piero Cipollone, a member of the European Central Bank (ECB), said that US President Trump's move to promote the development of US dollar stablecoins further highlights the need to launch a digital euro. Trump recently signed an executive order promising to "promote the development of legal US dollar stablecoins worldwide", which may lead to the loss of bank customers and reduced fees.

Cipollone emphasized at the Frankfurt conference that the digital euro will operate as an ECB-guaranteed online wallet operated by banks and other institutions, allowing users without bank accounts to make payments, but holdings may be limited and interest-free.

Currently, the central bank of the Eurozone is testing the feasibility of the digital euro, and the final decision needs to wait for the relevant legislation of the European Parliament to be passed. At the same time, the United States prohibits the Federal Reserve from issuing CBDC, while 44 countries including China and Russia are experimenting with digital currencies.