ECB OFFICIAL WARNS OF STABLECOIN RISKS
Piero Cipollone of the European Central Bank said Europe must build its own digital asset market to protect financial stability. He backed a digital euro for daily payments and warned that stablecoins could weaken banks and monetary policy if deposits move to foreign tokens. While stablecoins can aid cross-border payments, he noted Europe already offers fast, secure transfers in central bank money.The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments