🇪🇺 The head of the European Stability Mechanism, Pierre Gramegna, states that Trump's support for crypto could harm the financial stability of Europe.

"The American administration is favorable to cryptocurrencies, particularly dollar-denominated stablecoins, which may raise certain concerns in Europe."

"This could potentially revive the plans of foreign and American tech giants to launch mass payment solutions based on dollar-denominated stablecoins."

"And if this were to succeed, it could affect the monetary sovereignty and financial stability of the euro area."

The European Stability Mechanism "supports the urgency of the ECB to make the digital euro a reality to safeguard the strategic autonomy of Europe - this digital euro is more necessary today than ever."

🗞 Cointelegraph