ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’ – Decrypt
In brief ECB President Christine Lagarde said euro stablecoins are “not an efficient way” to boost the euro’s global role, warning their risks outweigh short-term gains. She flagged two “material” risks: financial instability from sudden redemptions and weaker monetary policy transmission if deposits shift out of banks. Industry leaders pushed back, warning Europe risks dollar...
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