European Central Bank President Christine Lagarde expressed skepticism over the need for euro-pegged stablecoins, saying they could hamper the ECB's work
European Central Bank President Christine Lagarde expressed scepticism on Friday over the need for stablecoins pegged to the euro …
Reuters
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Discussion
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Dominik Schmid
Dominik Schmid
on linkedin
I love Europe. That's why this speech is hard to read. — If the world could use a EUR-denominated stable, it would be such a big win for Europe. …
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Rhys Bidder
Rhys Bidder
on linkedin
A lot of interesting stuff in this speech. Some good, along with some old talking points that policymakers can't seem to kick. …
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@ecb
@ecb
on x
Stablecoins are not an efficient way to strengthen the international role of the euro, says President Christine @Lagarde. The best solution remains deeper capital market integration through the savings and investment union and a stronger safe asset base https://www.ecb.europa.eu/…
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@noelleinmadrid
Noelle Acheson
on x
deeper capital market integration and a stronger safe asset base will lead to stronger euro stablecoins, *making* them an efficient way to strengthen the international role of the euro... but no, let's centralize payments rather than harness private sector innovation
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@nicrypto
Nic
on x
The ECB chief just said this: “If we want to strengthen the international appeal of the euro, stablecoins are not an efficient way of doing so.” It's no wonder then that USD stablecoin markets cap is 473x that of Euro. Contrary to her statement, stablecoin issuers are massive [im…