European Central Bank President: Europe faces risk of losing payment sovereignty, digital euro is key to breaking through According to Finance Feeds, European Central Bank President Christine Lagarde warned at the ECB meeting that Europe is facing the risk of losing payment sovereignty, with US dollar stablecoins and foreign networks dominating future financial infrastructure. Lagarde pointed out that Europe does not have its own pan European card network, with the International Card Organization accounting for over 60% of European card payments, and 13 out of 21 eurozone countries no longer having national card schemes. She stated that the digital euro can break this situation as its legal tender status must be accepted throughout Europe. Lagarde emphasized that tokenized finance requires central bank currency for safe expansion, and market participants have stated that without central bank settlement infrastructure, they will not issue digital assets on a large scale.