The European Central Bank (ECB) has officially launched its 12-month Digital Euro pilot program on June 1, 2025. This project uses the XRP Ledger (XRPL) as its core technology platform, marking a key step in Europe’s move toward a central bank digital currency (CBDC).
What’s Happening Now? More than 500 financial institutions across Europe are participating in the pilot. They are testing real-world applications such as: Digital euro payments Digital bond issuance Regulated settlement processes including delivery-versus-payment, coupon payments, and maturity redemption