According to the source, the European Central Bank reached a framework agreement with seven technology partners to develop digital euro components covering fraud management, secure exchange of information, and storage management, with a potential rollout in 2029, source: the source and ECB. For traders, a multi‑year timeline implies limited near‑term displacement risk to EUR‑denominated stablecoins, while upcoming ECB procurement and pilot milestones may influence EU payment equities and crypto on and off‑ramp flows, source: European Commission MiCA framework 2024 and ECB digital euro preparation materials. Monitor EUR liquidity pairs on major exchanges and market share shifts among compliant euro stablecoins as official ECB releases clarify implementation, source: ECB.