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European Central Bank: Rise of Stablecoins Could Disrupt Eurozone Monetary Policy

Summary: According to the Financial Times, the European Central Bank has warned that the rise of stablecoins could disrupt Eurozone monetary policy. The ECB stated that the early dominance of the US dollar in stablecoins has given the US an advantage, potentially raising borrowing costs in Europe, weakening the ECB's autonomy, and increasing dependence on the ...

According to the Financial Times, the European Central Bank has warned that the rise of stablecoins could disrupt Eurozone monetary policy. The ECB stated that the early dominance of the US dollar in stablecoins has given the US an advantage, potentially raising borrowing costs in Europe, weakening the ECB's autonomy, and increasing dependence on the US.

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