US Dollar’s Lead In Stablecoins May Undermine ECB’s Autonomy, Alerts New Blog Post

Description

A recent blog post from the European Central Bank (ECB) raised alarms about the implications of the US dollar’s dominance in the stablecoin market, especially in light of President Donald Trump’s recent signing of the GENIUS Act into law. This trend could allegedly lead to increased borrowing costs for European nations, diminish the autonomy of the European Central Bank, and deepen geopolitical dependence on the United States. European Union Urged To Fast-Track Digital Euro The ECB’s adviser, Jü...