US EditionEuropean Central Bank Says U.S.-Backed Stablecoin Use in EU Could ...
8 Articles
8 Articles
USD stable coins undermine monetary autonomy, says the ECB. The way out: The creation of a digital euro. Source: BTC-ECHO BTC-ECHO
In the face of the fulcruming rise of stables in dollars, the ECB admits its limits. The digital euro alone will not be enough. In order not to give up more power in the United States, the Union must rely on private innovation, euro stables and decentralised technologies. A call for boldness The article Crypto: Europe's monetary sovereignty at risk according to the ECB appeared first on Cointribute.
ECB advisor sounds alarm on growing dominance of dollar-denominated stablecoins
ECB advisor Jürgen Schaaf warns that the rapid rise of dollar-backed stablecoins threatens Europe’s financial stability and the euro’s global standing unless strategic action is taken. In a new blog post on the European Central Bank’s website titled “From Hype…
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