The race to the digital euro is getting tense

plus: conservative stablecoins, tentative truce, shaky macro and more

“All centuries are dangerous; it is the business of the future to be dangerous.” – Alfred North Whitehead ||

Hi everyone! I hope you’re all doing well.

Today’s send is a bit rushed, apologies, I have to dash out the door at lunchtime – back to usual schedule tomorrow!

Last night on the Bits & Bips livestream, James Seyffart, Alex Kruger and I were joined by Anthony Scaramucci for a fun, macro-heavy conversation with comment on Circle and a key crypto ETF update from James – you can watch the playback here.

IN THIS NEWSLETTER:

• The race to the digital euro is getting tense

• Fiserv and “conservative” stablecoins

• Macro-Crypto Bits: markets, truces, bad price data and more

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

The race to the digital euro is getting tense

A tinge of desperation is creeping in.

Speaking to the European Parliament yesterday, European Central Bank (ECB) President Christine Lagarde urged lawmakers to accelerate approval of the legislation necessary to usher in the digital euro. She reportedly even said “please”.

This is revealing on two fronts: