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Sources: the ECB warned EU finance ministers that proposals to issue more euro stablecoins could reduce bank lending and make controlling interest rates harder

The European Central Bank warned European Union finance ministers on Friday that proposals to issue more euro stablecoins …

Reuters

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Discussion

  • @mikebelshe Mike Belshe on x
    Europe's central bankers are so afraid of stablecoins disrupting their monetary control that they'd rather cede the entire market to dollar-backed tokens. Bold strategy. https://www.reuters.com/...