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Why ECB President Christine Lagarde Rejects Europe's "Answer" to the GENIUS Act
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ECB's Lagarde rejects the euro stablecoin as the US GENIUS Act consolidates dollar dominance, creating a policy divergence between the EU and the US.
- Lagarde says the euro stablecoin cannot enhance the global role of the currency.
- The US GENIUS Act aims to strengthen the US dollar’s dominance through stablecoins.
- Crypto founder Rand Hindi calls the USD stablecoin the 'next petrodollar.'
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