🔍 Stablecoins & the Dollar: ECB Sounds the Alarm 💶💵

As crypto adoption becomes unstoppable, the European Central Bank (ECB) is raising concerns about the growing influence of USD-backed stablecoins like USDT and USDC, which now dominate 99% of the stablecoin market.

🇪🇺 ECB Senior Adviser Jürgen Schaaf warns this trend could:

Undermine Europe’s monetary sovereignty

Threaten financial stability across the eurozone

He states:

“Stablecoins are no longer a niche – they’re reshaping global finance and embedding into traditional systems.”

📉 The ECB fears the euro is falling behind, especially as the digital euro struggles to gain momentum, while dollar-based stablecoins continue to bridge the gap between crypto and fiat.

#Stablecoins #USDT #USDC #CryptoAdoption #CryptoNews