Back to today’s briefing

Story perspectives

ECB Advances Digital Euro Project, Eyes 2027 Pilot Launch

10/31/2025

47 7 Full Breakdown

Summary

Story summary

The European Central Bank (ECB) has advanced to the next phase of its digital euro project after a two-year preparation phase.
The transition targets a 2027 pilot and full issuance by 2029, contingent on EU legislative approval.
The digital euro would complement cash and enhance privacy, reliability, accessibility across the euro area.
Development costs are €1.3 billion, with annual operating costs around €320 million after launch, per the ECB.

1 of 1

Story summary

The European Central Bank (ECB) has advanced to the next phase of its digital euro project after a two-year preparation phase.
The transition targets a 2027 pilot and full issuance by 2029, contingent on EU legislative approval.
The digital euro would complement cash and enhance privacy, reliability, accessibility across the euro area.
Development costs are €1.3 billion, with annual operating costs around €320 million after launch, per the ECB.