ECB Executive Isabel Schnabel Urges Central Banks to Adopt Blockchain Technology

During the Jackson Hole symposium, ECB Executive Board member Isabel Schnabel stated that central banks must integrate blockchain technology to maintain monetary sovereignty. She warned that if public money remains off-chain while financial assets migrate to blockchain, dollar-denominated stablecoins could become the primary settlement layer, posing a risk to the euro. This comes as the Pontes project prepares for its launch in September.