🇪🇺 ECB Says NO to Stablecoins


ECB President Christine Lagarde just declared stablecoins are NOT an efficient way to strengthen the Euro's global role.
Spoke at Banco de España LatAm Forum (May 8, 2026)
Key Points:
🔸 98% of stablecoins are USD-backed
🔸 Stablecoin market grew from $10B → $300B in 6 years
🔸 Lagarde fears bank runs (cited USDC depeg during SVB collapse)
🔸 Warns stablecoins weaken ECB monetary policy
🔸 Prefers tokenized bank deposits over stablecoins
Lagarde now stands against the European Commission & France, who back Euro stablecoins.
While the US races ahead with CLARITY & GENIUS Acts, Europe is hitting the brakes. Dollar dominance in stablecoins just got stronger.
GENIUS5.16%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin