[Breakthrough Reached Between EU and ECB on Digital Euro] According to Politico, EU member states and the European Central Bank (ECB) have made groundbreaking progress regarding the design authority of the digital euro. The ECB has proposed granting member states the final decision-making power over the holding limits of consumer digital wallets, addressing concerns from some countries and the banking sector. Finance ministers will discuss the proposal at a meeting in Copenhagen and may give informal approval. The ECB aims to advance the digital euro project as quickly as possible to counter competition from cross-border payment solutions like USD stablecoins.