ECB’s Lagarde Warns Europe Against Rushing Into Euro-Denominated Stablecoins

TLDR: Nearly 98% of stablecoins are dollar-denominated, leaving the euro with minimal global digital presence. USD Coin fell to $0.877 after SVB’s collapse, showing stablecoins can break their one-dollar peg. Eurosystem’s Pontes project will settle DLT transactions in central bank money from September 2026. Lagarde says deeper EU capital markets, not stablecoins, are the key [...]

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