The Digital Euro and Why Stable Coins Matter — Founder Interview
- Juan Diego Parra Castillo
- 2 days ago
- 3 min read
This story was migrated from our old blog, originally published on March 8th, 2022.
This article is part of our coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
Executive Summary
This story was migrated from our old blog, originally published on March 8th, 2022.
This blog post first appeared first on old medium publication (https://medium.
Central banks take inspiration from cryptocurrencies and are actively thinking about introducing their own cryptos, called central bank digital currency (CBDC).
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.
Here is our publication calendar: https://calendar.
The Digital Euro and Why Stable Coins Matter — Founder Interview Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This story was migrated from our old blog, originally published on March 8th, 2022.
Nobody knows what a digital euro will look like. ECB is in the process of exploring the possibility.Philipp Sandner, Blockchain Expert
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New Blog
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
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China is with its digital Yuan ahead of Europe or the US. The ECB is investigating the possibility, with the aim of having a digital Euro 2025. We will see China launching the digital Yuan this year. That is almost 5 years ahead.Philipp Sandner, Blockchain Expert
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CBDC is a variant how the Euro will run on a modern infrastructure.Philipp Sandner, Blockchain Expert
The Expert
The situation of the Federal Reserve in developing a digital central bank Dollar is like the ECB. Both are early in exploring the topic.Philipp Sandner, Blockchain Expert
The Digital Euro
Central banks take inspiration from cryptocurrencies and are actively thinking about introducing their own cryptos, called central bank digital currency (CBDC). There are many podcasts out there talking about CBDC, especially US$, but Startuprad.io is headquartered in the city of the Euro, Frankfurt. So, we thought we shed some light on the perspective from Europe. The European Central Bank and the Federal Reserve are both in the first steps of exploring the possibilities and implications of CBDCs for the Euro and the US Dollar. But there is already a growing market in US$ stable coins, where stable coins in Euro have to stomach losses, due to the negative interest rates in the European Monetary Union (EMU). Tune in to learn more…
The difference in the US is that there is already a working alternative, the US$ stable coins.Philipp Sandner, Blockchain Expert
The Video Interview is set to go live on Tuesday, March 8th, 2022, at 04.00 CET
The Audio Interview Podcast
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DEFI is dominated by US$ since many people active in crypto calculate their net worth in US$.Philipp Sandner, Blockchain Expert
Further Readings / Additional Resources
Here is the link to the blockchain master program of Frankfurt School https://www.frankfurt-school.de/home/programmes/master/blockchain-digital-assets
The central bank digital currency tracker of the Atlantic Council: https://www.atlanticcouncil.org/cbdctracker/
CBDC definition https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp
Definition legal tender https://www.investopedia.com/terms/l/legal-tender.asp
Stable coin https://en.wikipedia.org/wiki/Stablecoin
Tether coins https://en.wikipedia.org/wiki/Tether_(cryptocurrency)
Lender of last resort https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/what-is-a-lender-of-last-resort.en.html
Money multiplier https://en.wikipedia.org/wiki/Money_multiplier
Money Supply M1, M2, M3 https://en.wikipedia.org/wiki/Money_supply
Interest rates https://www.investopedia.com/terms/i/interestrate.asp
Feedback
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:LinkedInTwitterEmail
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Key Takeaways
Central banks take inspiration from cryptocurrencies and are actively thinking about introducing their own cryptos, called central bank digital currency (CBDC).
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Frequently Asked Questions
What are the key facts about Digital Euro Stable Coins Matter?
This story was migrated from our old blog, originally published on March 8th, 2022.
How does this affect the German startup ecosystem?
Central banks take inspiration from cryptocurrencies and are actively thinking about introducing their own cryptos, called central bank digital currency (CBDC). There are many podcasts out there talking about CBDC, especially US$, but Startuprad.io i
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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