Gregory Klumov, who is the founder and CEO of Stasis - which issues the euro-backed stablecoin EURS, does not believe that European Central Bank has any plans of launching the digital euro anytime soon. According to Klumov, launching digital versions of fiat currencies is not what central banks do. The European Central Bank's mandate is to maintain the price stability of the euro and issuing a digital currency would be too risky, Klumov argued.