Euro-Zone Finance Chiefs Agree Key Step for Digital Currency (4)

Euro-area finance ministers agreed on a key step in their efforts to roll out a digital currency, adding impetus to a project that’s becoming an important counterweight to US stablecoins.

The Eurogroup on Friday reached an accord on the process for setting holding limits for the digital euro. Spanish Economy Minister Carlos Cuerpo said a wider a deal on the initiative among European Union member-states is achievable in 2025.

Cuerpo said the bulk of the work is done, suggesting some movement on a project that’s championed by the European Central Bank but is being held up by lawmakers.

The ...