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European banks to launch euro stablecoin in bid to counter US dominance
(www.reuters.com)
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this post was submitted on 27 Sep 2025
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The digital euro is where it's at! I can't wait to give billions of dollars worth of middle fingers to American credit card companies.
Well, I was against the idea, but now you got me thininiking.
The purpose is to boost European companies. Right now they pay between 1-3% of every single transaction.
Next, banks will also get hit. If a digital Euro exists, bank transactions will go down, meaning less transaction fees for both consumers and companies.
Then there's convinience. People will be free to transfer money across the continent, and also to friends and family without any costs (some countries have that, some dont).
VISA and MasterCard is just a very unneccesarry middle man in 2025.
Who takes the bill then? Well, the EU does, because they work for the people, and the money gained is much larger than money spent. Net positive matematics.