Digital euros

The European Stability Mechanism (ESM) is issuing a €1 billion ($1.1 billion) digital bond on Pontes, the European Central Bank’s distributed ledger technology (DLT) solution, in what is also the Deutsche Bundesbank’s first transaction as a paying agent on the platform.

Created during the European sovereign debt crisis, the ESM currently has €73 billion in loans to beneficiary member states disclosed on the asset side of its balance sheet. Central Banking understands that the size of the €1

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