The expansion of stablecoins poses a threat to the financial independence of the EU
📈 The global stablecoin market has grown to $250 billion. Most of them are pegged to the US dollar, which is why the European Central Bank expresses concern.
➡️ ECB Market Infrastructure and Payments Advisory Jürgen Schaaf listed a number of issues, including weakened banks, an increase in illegal transactions, and a loss of control over the financial system.
✅ A ban is not currently on the table, but the expansion of stablecoins is forcing the ECB to implement the digital euro more quickly.