ECB Confirms Digital Euro Will Mirror China’s CBDC Model
The European Central Bank is preparing to roll out the digital Euro in October 2025, with its design drawing clear inspiration from China’s e-CNY model.
ECB President Christine Lagarde has emphasized that the digital currency will be developed to serve all citizens equally, mirroring China’s focus on accessibility and widespread usability.
As part of Europe’s broader move into the digital currency race, the ECB is taking cues from China’s mass adoption success. The digital yuan has already reached millions across key sectors in China, particularly small businesses and retail users. The ECB sees this as a template for achieving similar scale and inclusivity across the eurozone.
Lagarde reaffirmed that the digital Euro is intended to be universal—not limited to the tech-savvy. Instead, the aim is a system that integrates smoothly into everyday transactions while reinforcing Europe’s global financial position.
Beyond domestic use, the ECB views the digital Euro as a strategic tool to reduce Europe’s dependence on the U.S. dollar and strengthen the EU’s presence in international finance. Close cooperation with China’s central bank has already informed parts of the ECB’s planning process.
While consultations and pilot testing continue, the ECB remains committed to ensuring the digital Euro complements existing cash systems. Key concerns like privacy, fairness, and accessibility remain central to its design. By aligning with China’s proven rollout strategies, the ECB is signaling its intent to deliver a digital currency that is practical, inclusive, and globally competitive.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
