euro

The European digital currency market is forming a pattern of parallel development between the central bank digital euro and private euro stablecoins. Revolut has previously launched phased testing of EURR in Denmark, Poland, and Portugal. This euro stablecoin operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe.The ECB emphasizes that the digital euro will adopt a highly private design, with offline payment information only held by the transacting parties, and online transactions cannot be directly linked to individuals by the Eurosystem. Europe is advancing its digital payment system through public digital currencies and private stablecoins to reduce reliance on dollar stablecoins and non-European payment infrastructures.

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.

The digital euro is issued by the European Central Bank (ECB) and represents public money, and it is still in the development stage; EURR is a stablecoin issued by private institutions aimed at maintaining the value stability of 1 euro. Both are aimed at the demand for instant fund flows in digital platforms. The fintech company Revolut has phased the launch of the euro stablecoin EURR to eligible users in Denmark, Poland, and Portugal, with plans to expand to the European Economic Area in the future.EURR is deployed on the Ethereum network and can be used for on-chain transfers between fiat currencies, crypto assets, external wallets, and supported blockchain networks. EURR is issued by Bridge Building, a company under Stripe, rather than directly by Revolut. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest level of privacy supported by current technology, with offline payments visible only to the payer and payee, while participating banks in online transactions can still access the information required for anti-money laundering compliance.

Capital B issued approximately 36.22 million shares with warrants (ABSA) to global institutional investors at a price of €0.58 per share, raising approximately €21 million, with a net fundraising of about €19.9 million after deducting related expenses.Strategic investors include early Bitcoin developer Adam Back and asset management company TOBAM, with Maxim Group serving as the exclusive placement agent. Capital B is a French Bitcoin reserve publicly listed company, primarily advancing a Bitcoin treasury strategy. This round of funding is planned to be used to further acquire approximately 270 Bitcoins, and after the transaction is completed, its Bitcoin holdings are expected to increase to about 3,415 Bitcoins.

Piero Cipollone, a member of the Executive Board of the European Central Bank, stated in an interview with the Italian media ilsussidiario.net on August 10 that the digital euro will provide the highest level of privacy protection achievable with current technology. Offline payments will be made directly between individuals, with transaction details visible only to the payer and the payee; during online payments, the euro system will not be able to identify the payer or payee, only the commercial banks involved in the transaction will be able to identify them, including for anti-money laundering purposes.The European Parliament reached a negotiating position on the regulation of the digital euro in July, with the negotiation goal with member states to reach an agreement by the end of 2026. The European Central Bank has designated 36 payment service providers, including Deutsche Bank, UniCredit, and Revolut, to participate in a 12-month pilot starting in the second half of 2027, with the first issuance targeted for 2029. Meanwhile, the "21st Century Road Act" signed in July in the United States prohibits the Federal Reserve from issuing central bank digital currency before the end of 2030, unless explicitly authorized by Congress.

European Central Bank (ECB) Executive Board member Piero Cipollone stated in a recent interview that the digital euro will provide stronger privacy protection than regular bank transfers. He pointed out that the euro system is structurally unable to associate specific individuals with their digital euro transactions, whether online or offline.Cipollone stated that offline payments will be conducted entirely directly between individuals, with transaction details visible only to the payer and payee, equivalent to cash transactions; only banks participating in online transactions will be able to identify user identities, and this will only be used for anti-money laundering purposes. He also refuted concerns that the digital euro would replace physical cash, citing the ECB's recent public consultation on the design of the new euro banknotes as an example, stating, "If institutions intend to eliminate cash, it makes no sense to do so."Cipollone's remarks come at a time when public opposition to the digital euro is rising. Civil society groups such as the Austrian digital rights organization Epicenter.works warned in a joint statement earlier this month that the privacy protections of the digital euro "over-rely on institutional commitments rather than technical execution," and that legislative commitments may be weakened in implementation, reinterpreted in court, or even broken. The digital euro regulation was approved by the European Parliament last month, with plans to launch in 2029. ECB President Lagarde previously stated that the digital euro will coexist with physical cash.

According to Bloomberg, the fintech company Revolut has launched a euro-pegged stablecoin EURR, which will initially be available to eligible customers in Denmark, Poland, and Portugal.Revolut stated that EURR is the "first step" in its stablecoin strategy, with plans to launch tokens pegged to other fiat currencies in the future to expand the application of digital currencies in cross-border payments and corporate transaction scenarios.

According to Gate Europe CEO Dr. Giovanni Cunti's latest LinkedIn post, the next phase of digital asset adoption may no longer focus on guiding users to crypto platforms, but rather on integrating digital asset capabilities into the financial services that users are already using. Through embedded finance, scenarios such as payments, commerce, and fund transfers can directly connect to digital asset infrastructure, allowing users to access digital asset-related services without changing their existing financial service usage.Dr. Giovanni Cunti also pointed out that this trend is reshaping the competitive logic of the digital asset industry. Liquidity and product capabilities will still be important foundations, but whether payment channels, asset custody, risk management, and compliance systems can achieve synergy in different markets and regulatory environments will become increasingly critical. Europe has significant advantages in this development process, as MiCA is gradually establishing a more unified regulatory framework for digital assets, and the continuous evolution of payment infrastructure is creating new opportunities for compliant digital asset companies to collaborate deeply with the traditional financial system.For Gate Europe, the integration of digital assets and payment systems is becoming an important direction for business development. Relying on the compliance foundation established by the dual licensing system of MiCA and payment institutions (PI), Gate Europe will further promote the connection between digital assets and payment services, as well as a broader financial ecosystem. As digital assets gradually integrate into daily financial activities, they are expected to evolve from independent financial products into a core component of a new generation of financial infrastructure that is more open, interconnected, and programmable.

Works in Progress Editor Simon Grimm warns that Europe has lagged behind the United States for the past 30 years, and with the development of AI, this gap may widen sharply. He points out that Europe needs to achieve growth in the process of enhancing AI capabilities, but is currently not on the right track, and the lagging situation may further deteriorate.Grimm states that the world is experiencing one of the most expensive infrastructure expansions in history, yet Europe has seen almost no significant data center projects come to fruition, which is somewhat puzzling. AI companies are urgently seeking locations to build data centers, but few projects are advancing in Europe. He believes that the problem largely lies on the supply side, as conditions in Europe are relatively worse, making related construction difficult.

According to Gate market data, the US Dollar Index DXY once fell to an 11-week low of 99.155, currently reported at 99.23. The Euro against the US Dollar EUR/USD rose to a 10-week high of 1.1629.

According to ChainCatcher information, in a recent LinkedIn post by Gate Europe CEO Dr. Giovanni Cunti, as digital assets, online banking, digital payments, and tokenized financial products continue to develop, digital identity is gradually becoming the core infrastructure connecting users with financial products and services, moving away from traditional compliance processes such as KYC and risk assessment. In the face of users' dual demands for efficient access to financial services and the security of personal information, the industry needs to enhance service efficiency while also considering security, privacy, and trust. The next generation of identity infrastructure should go beyond a single verification function, incorporating security, privacy, compliance, and user experience into a unified framework. This can reduce unnecessary operational costs, such as redundant information submissions, through reliable identity verification, while also enhancing transparency and protection regarding the collection, storage, and use of personal data.Dr. Giovanni Cunti further pointed out that regulatory standards are also the cornerstone of building a digital financial trust system. For digital asset platforms, as business expands from cryptocurrency trading to stablecoins, tokenized assets, payments, and multi-asset financial solutions, the importance of trustworthy infrastructure continues to rise. Gate Europe has completed the dual licensing layout of MiCA and PI under the regulation of the Malta Financial Services Authority (MFSA) and emphasizes that secure access, robust compliance processes, and responsible handling of user information are key conditions for promoting the long-term development of financial services. Digital identity is becoming an important part of the financial ecosystem, and Gate Europe will continue to explore more possibilities in diverse financial scenarios, bringing users a more convenient and reliable digital financial service experience, and helping accelerate the integration of global financial markets.

Cryptocurrency exchange Kraken has announced that it has opened U.S. stock trading services to European users. Eligible users can now buy and sell U.S. stocks directly through the Kraken platform, further expanding its traditional financial asset trading product line.In recent years, Kraken has continuously promoted compliance and product diversification. While providing cryptocurrency trading, it has gradually introduced traditional securities such as stocks and ETFs to meet the demand of European users for one-stop investment services.

Eurozone government bond yields have joined the global fixed income asset sell-off. The yield on Germany's 10-year government bonds rose to 3.2478%, the highest level since May 2011; the yield on France's 10-year government bonds rose to 4.0954%, the highest level since November 2008.The market is concerned that the ongoing war in Iran may lead countries to increase spending, affecting fiscal conditions.

Circle officially announced that its euro stablecoin EURC has surpassed a circulation of 400 million euros, becoming an important growth node in the on-chain financial ecosystem of the Eurozone. Circle stated that the supply of EURC has increased by over 100% in the past year, as the demand for compliant stablecoins has risen from trading platforms, payment networks, and institutional businesses, moving EURC from the experimental phase to practical application. EURC was first launched on Ethereum in June 2022 and has since expanded to multiple blockchains including Avalanche, Stellar, Solana, and Base.As of the end of 2024, EURC has covered five chains, with a circulation scale of approximately 80 million euros, and continues to grow. Currently, EURC has been launched on several mainstream trading platforms such as Bitpanda, Bitstamp, Bybit, Coinbase, and Kraken, supporting EURC/EUR and EURC/USD trading pairs, further enhancing on-chain liquidity for euros. Circle stated that the application scenarios for EURC are expanding from trading to payments, settlements, and institutional fund management. Currently, fiat withdrawal and recharge service providers such as Mercuryo, MoonPay, Ramp, and Transak have supported users to directly access digital assets using euros, and institutional custody and settlement platforms such as Cobo, Copper, and Fireblocks have also integrated EURC.In addition, both Visa and Mastercard have previously expanded their support for EURC's settlement capabilities, making it available for cross-border payments, card payment settlements, and enterprise-level fund circulation scenarios. With the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), EURC operates under the electronic money token (EMT) standard, issued by Circle's French electronic money institution and regulated by the French Prudential Supervision and Resolution Authority (ACPR). The reserve assets of EURC are completely isolated from Circle's corporate funds and are regularly audited and confirmed by independent third parties.As of January 2026, the total supply of global stablecoins is approximately 300 billion dollars. Although dollar stablecoins still dominate, euro stablecoins have become the second largest category. The market size of euro stablecoins has grown from about 400 million euros in June 2025 to about 650 million euros in June 2026, with EURC maintaining a leading position. Circle stated that despite the growth of EURC, euro stablecoins are still in the early stages compared to the M2 money supply of over 16 trillion euros in the Eurozone, and there is still significant room for growth in real-time settlements, cross-border payments, and enterprise financial infrastructure in the future.

According to Bloomberg, ultra-high-net-worth family offices from the Americas, Europe, and the Middle East are significantly increasing their investments in SpaceX, with total exposure reaching approximately $3.8 billion, indicating that private wealth institutions are vying for investment opportunities in this rocket, satellite, and artificial intelligence company founded by Elon Musk.Among them, the family office of Hyatt Hotels heir Nick Pritzker holds an investment position in SpaceX valued at approximately $1.8 billion.

Market news indicates that Apple will implement several adjustments across the EU, including changes to the advertising transparency consent tool, which was previously reviewed by the German competition regulator.

The German Aachen AI platform company amber announced the completion of a €7 million Series A financing round, jointly led by Ventech and NRW.BANK's venture capital fund NRW.Venture.Founded in 2021, amber focuses on helping small and medium-sized enterprises integrate fragmented business data and build autonomous commercial AI infrastructure, combining traditional search, generative AI, assistant functions, and automation. Its clients include well-known companies such as Ritter Sport and Zentis. This round of funding will be used to accelerate expansion into the European market, starting with the Benelux region, and to continue deepening the research and development of its proprietary AI data layer.

UK agricultural robotics startup Versatile RobotX has completed over €1.17 million (approximately £1 million) in funding, with sources including the British Design Fund (BDF), the second round of the Innovate UK Growth Catalyst investor collaboration program, and grants from the Defra Agricultural Innovation Scheme.The company was co-founded in July 2024 by Professor Klaus McDonald-Maier from the University of Essex and Dr. Vishwanathan Mohan. Its two core products—the automated fruit and vegetable picking robot and the hydroponic harvesting robot—have completed field validation at well-known UK farms such as Wilkin & Sons.