Italy: US stablecoins bigger threat than tariffs

Italy’s finance minister, Giancarlo Giorgetti, indicates that U.S. Dollar-backed stablecoins represent a serious threat to the euro’s global role, potentially more damaging than tariffs. He emphasizes the urgency of promoting the digital euro to strengthen Europe’s financial independence.

In the U.S., lawmakers aim to enhance stablecoin regulations through the STABLE Act and GENIUS Act, which promote transparency and consumer protection. These developments underline the necessity for Europe to advance the digital euro to ensure monetary sovereignty.