European Central Bank: The Rise of Stablecoins May Disrupt Eurozone Monetary Policy

ChainCatcher news, according to the Financial Times, the European Central Bank warns that the rise of stablecoins could undermine the eurozone's monetary policy.

The European Central Bank stated that the early dominance of the dollar in stablecoins gives the U.S. an advantage, potentially raising borrowing costs in Europe, weakening the autonomy of the European Central Bank, and increasing dependence on the U.S.