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via Decrypt · By Decrypt Editorial
ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’
BAS
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$0.026177
-3.19%
$0.026177
-3.19%
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$1,046,060.44
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$0.027599 / $0.025979
Change: $0.001620 (6.24%)
Funding Rate
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Decrypt Editorial(03:36 PM UTC)
1 min read
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 dominance and…
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