The ECB has raised alarms regarding U.S. Cryptocurrency regulations that could destabilize the EU’s financial landscape. Concerns include a potential ‘financial run’ spurred by increased U.S. Dollar stablecoin inflows, threatening the financial autonomy of the European Union.
ECB officials emphasize the need for a digital euro to safeguard financial stability and counter the dominance of U.S. Dollar-backed stablecoins. This shift aims to address the risks posed by regulatory differences and align European measures with market realities.
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