ECB’s Schnabel Says Central Banks Must Go On-Chain as Pontes Nears September Launch

At Jackson Hole on August 28, ECB Executive Board member Isabel Schnabel delivered one of the most direct central-bank statements on tokenization yet: central-bank money on blockchain is no longer optional. Schnabel argued that if public money stays off-chain while financial assets move on-chain, dollar stablecoins will become the default cash leg, threatening European monetary