From 24/7 Wall St. · Sam Daodu · · 1m 10s
ECB Launches Token Settlement System for Europe
ECB's Pontes system blocks Ripple's euro trade ambitions.
In brief
ECB's Pontes system blocks Ripple's euro trade ambitions. The ECB's new system settles euro tokenized trades with central bank money, cutting RLUSD's market share in euro transactions and leaving XRP's role to cross-border payments. Originally reported by 24/7 Wall St..
ECB launches Pontes
The European Central Bank launched Pontes for eurozone bank tokenized trades.
Pontes uses central bank money
Pontes settles trades with euro central bank money, not stablecoins.
Pontes targets euro transactions
Thirteen eurozone banks and four ledger operators test Pontes from 8am to 4pm cest.
Ripple's RLUSD faces challenge
RLUSD aims to settle euro bonds but Pontes blocks its euro lane.
Qivalis consortium plans euro stablecoin
Thirty-seven european banks will launch a euro stablecoin by late 2026.
Pontes excludes dollar flows
Pontes handles only euro-to-euro trades within the eurozone.
XRP's role remains critical
Xrp enables cross-border payments outside eurozone systems.
Pontes timeline limited
Pontes runs from 8am to 4pm cest until mid-2028 for continuous service.
Ripple's market share shrinks
Ripple loses euro trade dominance with Pontes launch.
XRP's future depends on timing
Xrp's european use hinges on cross-border transactions after 4pm cest.
What to remember
The ECB's new system settles euro tokenized trades with central bank money, cutting RLUSD's market share in euro transactions and leaving XRP's role to cross-border payments.
