European Central Bank stories

Jul 14, 2026

European Central Bank selects 36 firms including Deutsche Bank and Revolut for digital euro pilot

The ECB selected 36 payment service providers from across the euro area for a 12-month digital euro pilot scheduled to begin in the second half of 2027. The selection includes major banks like Deutsche Bank and fintech firms like Revolut as the central bank moves from planning into testing.

Jul 14, 2026·4 sources

Jul 7, 2026

European Central Bank Orders Banks to Develop AI Cybersecurity Defense Plans

The European Central Bank gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats that could undermine confidence in the financial system and disrupt payments.

Jul 7, 2026·2 sources

Jun 1, 2026

ECB Board Member Warns Rising Stablecoin Use Could Cement Dollar Dominance, Diminish Euro Role

European Central Bank board member Isabel Schnabel stated that increased stablecoin use could reinforce the dollar's global dominance, undermine some nations' monetary policy autonomy, and diminish the role of the euro.

Jun 1, 2026·2 sources

Top claims

▪Selected firms include traditional banks like Deutsche Bank and UniCredit, and fintech companies such as Revolut, Stripe, Adyen, and Worldline.
▪Testing will involve the ECB, 19 euro-area national central banks, their staff as consumers, and selected merchants.
▪The 169 votes against the digital euro legislation in the European Parliament suggest political opposition exists within the EU.