European Central Bank stated on Thursday that, if it can obtain timely approval from legislators, it may launch its digital currency pilot project in 2027. The European Central Bank believes that this project is crucial for the financial autonomy of the euro area. The European Central Bank sees it as a strategic alternative to U.S.-dominated private payment methods such as credit cards and stablecoins. The European Central Bank stated that in an era of escalating geopolitical tensions, this move is becoming increasingly important, as financial autonomy and resilience are seen as key to maintaining European economic sovereignty. After four years of research and preparation, the European Central Bank stated that it is currently considering conducting a pilot, which means that some digital euro transactions may take place as early as mid-2027, with full launch two years later.