The European Central Bank warns that the rapid growth of stablecoins requires close monitoring

According to Bloomberg, the European Central Bank stated in its pre-release of the financial stability assessment that, although current financial stability risks are limited, the rapid growth of stablecoins requires close monitoring.

The central bank noted: "Stablecoins are developing rapidly and may be adopted in new application scenarios, which could introduce financial stability risks in the future." The complete assessment report will be released this Wednesday.