A digital euro could be rolled out in the middle of 2029, European Central Bank Executive Board Member Piero Cipollone reportedly said Tuesday (Sept. 23). Advertisement: Scroll to ContinueThe European Commission put forward digital euro legislation in June 2023, but progress had been sluggish. Cipollone said in the February report that Trump’s support for stablecoins tied to the U.S. dollar introduced another American-driven financial tool and increased the urgency to move forward with a digital euro. Gramegna said that in light of the change in the U.S. perception of digital currencies, the ESM believed that “this digital euro is today more necessary than ever.”Cipollone said Sept. 4 that the European Union should accelerate its efforts to introduce a digital euro, in part because this technology would support resilience and inclusiveness. A digital euro would complement physical cash, which remains essential for resilience and inclusion, and would provide another universally accepted means of payment, Cipollone said.