[Stablecoin Pulse] 🚨 ECB's Christine Lagarde Sounds Alarm on Stablecoins! ⚠️
At a global central banking conference in Sintra, Portugal, ECB President Christine Lagarde warned that stablecoins like USDT and USDC could lead to the "privatization of money," threatening national sovereignty and central banks' control over monetary policy.
🔍 Key Points: Stablecoins risk undermining central banks’ ability to manage economies. Lagarde insists they’re not true money and need strict regulation. Bank of England’s Andrew Bailey agrees, calling for rigorous standards to ensure stablecoins function as a medium of exchange.
🌐 To counter this, Lagarde is pushing for a digital euro to safeguard Europe’s financial system. Will stablecoins reshape global finance, or can central banks regain control? Share your thoughts!👇
