Properly designed and flanked by appropriate regulation, it could have the following advantages:  • A digital euro would safeguard the “anchor function” of government money in our two-tier monetary system. This means that the euro would continue to be available as a backup even in the face of highly dynamic market developments.
The ECB (European Central Bank) and the national central banks in the Eurosystem would therefore be able to continue to ensure safe and efficient payments, in line with their mandates. • It would be a useful complement to cash, as people would also have access to digital currency as legal tender that would be secure, cost-effective and stable in value.