Italy's Finance Minister, Giancarlo Giorgetti, warned that U.S. stablecoin policies allow Europeans to use dollars easily without needing to open accounts in the U.S., posing a greater threat to the euro than President Trump's increase in import tariffs.

He believes the EU needs to enhance the euro's role, particularly through the digital euro project developed by the ECB.

The U.S. is moving closer to legalizing #stablecoin with two bills, the STABLE Act and the GENIUS Act, requiring issuers to ensure a 1:1 rule, comply with anti-money laundering laws, and protect consumers.