ECB's Lagarde’s digital euro warning: Why Europe shouldn’t just copy the U.S. stablecoin model

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USDC

Daily

$1.0011

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$1.0193

Resistance 2$1.017

Resistance 1$1.0017

Price$1.0011

Support 1$1.0006

Support 2$1.0001

Support 3$0.9850

Pivot (PP):$1.0013

Trend:Uptrend

RSI (14):58.4

CoinDesk Staff

(04:11 PM UTC)

1 min read

Lagarde warned that large stablecoins like Tether and USDC, which now dominate a $310 billion market, pose financial stability risks and could transmit stress to underlying asset markets during periods of turmoil.

European Central Bank (ECB) President Christine Lagarde argued against the need for privately-issued euro-pegged stablecoins, even in the face of a market which is 98% dominated by…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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