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Digital money: technology or institutions?

EE UU extenderá el dominio del billete verde con ‘stablecoins’ privadas y descartará el dólar digital para los minoristas

Translated from Spanish Read in Spanish

Digital money: technology or institutions?

The use of cash has decreased rapidly, from 68% of daily transactions in the eurozone in 2019 to 40% in 2025. In Nordic countries, cash is hardly used. Digital instruments, such as cryptocurrencies, digital wallets, and stablecoins, are using new infrastructures. These digital instruments differ in who issues them, what backs them, how they maintain trust, and how risks and benefits are distributed. Currently, euro banknotes in circulation represent around 10% of the monetary mass.

Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at elpais.com →

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