Lagarde Says Euro Stablecoins Pose Risks to Stability and Monetary Transmission
European Central Bank President Christine Lagarde said stablecoins are not an efficient way to strengthen the euro’s international role, warning that even euro-denominated stablecoins could pose risks to financial stability and monetary policy transmission. She said the better solution is deeper capital-market integration through the savings and investment union, alongside a stronger safe-asset base.
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@cointelegraph🇪🇺 INSIGHT: ECB Pres. Christine Lagarde says even euro-denominated stablecoins could pose risks to financial stability and monetary policy transmission.
@ecbStablecoins are not an efficient way to strengthen the international role of the euro, says President Christine @Lagarde. The best solution remains deeper capital market integration through the savings and investment union and a stronger