🇪🇺 LATEST: ECB President Warns Stablecoins May Lead to “Privatization of Money” 💶🛑
The President of the European Central Bank (ECB) has issued a strong warning, stating that stablecoins could lead to the “privatization of money” if left unregulated. 📉🏦
She emphasized the need for coordinated global regulation before stablecoin adoption accelerates, arguing that unchecked growth could undermine monetary sovereignty, consumer protection, and the role of central banks.
🔍 The statement highlights growing concern among policymakers as stablecoins gain traction in cross-border payments and DeFi.