1 month ago
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Key Takeaways
- The Bank of Italy wants the EU to tokenize SEPA before stablecoins fill the gap.
- 64 institutions already settled €1.59 billion via DLT in ECB trials.
- Bank-token volumes could reach $100-$140 trillion by 2030, per Citi.
- The real competition now is stablecoins vs. CBDCs vs. tokenized deposits.
On May 4, 2026, Bank of Italy Deputy Governor Chiara Scotti put a concrete proposal on the table at the ECB: extend the Single Euro Payments Area into a tokenized format, or risk watching Europeans default to U.S. dollar-pegged stablecoins for everyday digital transactions because they are simply faster and more flexible than anything the eurozone currently offers.
Stablecoin market capitalization hit $322 billion in May 2026, and projections from ECB research suggest that adoption in high-growth...
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