The European Central Bank (ECB) has issued a stark warning regarding the increasing adoption of stablecoins. According to a Financial Times report, the ECB fears that the proliferation of these digital assets, particularly those pegged to the US dollar, could undermine its control over Eurozone monetary policy. Jürgen Schaaf, an ECB advisor, highlighted the potential for a "dollarized economy" within the Eurozone if dollar-based stablecoins become widely used for payments and savings. This scenario could weaken the ECB's autonomy in setting interest rates and managing the money supply, effectively making it subordinate to US monetary policy. The concern is that the widespread use of stablecoins could lead to a loss of control over the monetary environment within the Eurozone, impacting the ECB's ability to effectively manage inflation and economic stability. ```