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ECB pushes back on euro stablecoin proposals, citing financial stability risks
The European Central Bank (ECB) warned EU finance ministers that expanding euro stablecoin issuance could undermine bank lending and complicate monetary policy, citing risks to financial stability.
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Adjacent reporting
- ECB’s Lagarde flags euro-denominated stablecoins as financial stability risk, diverging from Bundesbank stance
- Lagarde Sees Euro-Stablecoin Risks for Banking, Monetary Policy
- BIS warns dollar stablecoins could strain banks and policy
- ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’
- France's finance minister calls for more euro stablecoins in sign of government policy shift
- French finance minister calls for euro-based stablecoins