ECB Rebuffs Proposals to Boost Euro Stablecoins as Too Risky
Central bankers warned the plan could weaken bank lending and make interest-rate control harder, as euro stablecoins still account for 0.3% of global supply.
- The European Central Bank warned European Union finance ministers on Friday that issuing more euro stablecoins could reduce bank lending and make controlling interest rates harder.
- Brussels-Based think tank Bruegel proposed easing liquidity requirements for crypto issuers, but ECB President Christine Lagarde immediately opposed the move, fearing it weakens bank deposits.
- While euro-denominated stablecoins account for just 0.3% of global supply, Europe-based stablecoin transactions made up 38% of global transactions in the final quarter of 2025.
- Finance ministers expressed mixed views on the proposal, while economists warned that stringent EU regulation compared to the U.S. risks pushing activity abroad and increasing "digital dollarisation."
- A consortium of 37 institutions across 15 countries under the Qivalis project aims to launch a euro-denominated stablecoin later this year, as the commission reviews its Markets in Crypto-Assets Regulation.
15 Articles
15 Articles
Christine Lagarde closed the door to stables in euros, rejecting the proposals of the think tank Bruegel before the EU's finance ministers. As the US accelerates at full speed with its GENIUS Act, the EU is holding back innovation with MiCA. Is Europe offering the digital payment market to the dollar? L的article The ECB says no to stables in euros: a victory for digital dollarisation has appeared first on Cryptoast.
Euro Stablecoin Plans Face ECB Backlash
The European Central Bank (ECB) warned European Union finance ministers on Friday that proposals to issue more euro stablecoins could reduce bank lending and make controlling interest rates harder. This follows proposals from Bruegel, a Brussels-based economic think tank, advocating for eased liquidity requirements for crypto issuers and potential ECB funding access. Bruegel conducts research and offers policy recommendations on economic issues …
ECB Puts Euro Stablecoin Growth on Notice, Warns EU Ministers of Bank and Policy Risks
The ECB just sent a blunt message to EU finance ministers. Expanding euro-denominated stablecoins, the central bank said, could seriously… Read the original on ECB Puts Euro Stablecoin Growth on Notice, Warns EU Ministers of Bank and Policy Risks. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
ECB Rejects Push to Ease Rules for Euro Stablecoin Issuers
Why Did the ECB Push Back on Euro Stablecoin Support? The European Central Bank has pushed back against a proposal that would loosen liquidity requirements for euro stablecoin issuers and potentially give them access to central bank funding, drawing a clear line between private token issuance and the ECB’s role as lender of last resort. The proposal, presented through a Bruegel policy brief to EU finance ministers and central bank governors at a…
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