The European Central Bank (ECB) has introduced a government-backed stablecoin - or a "digital euro" 💸! Though no Eurozone country has adopted it yet, the ECB is hoping European countries start to legally adopt the digital euro soon 🤞.

With the U.S. potentially making stablecoins more widespread, the #ECB warns that Europe would suffer economically if it waits too long to make this change 📉.

"If people in Europe start to use #stablecoins to pay, given that most of them are #American and dollar-based, they will be transferring their deposits from #Europe to the United States."