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🐋 WHALE WATCH: The ECB is actively pushing back against proposals to ease regulations for euro stablecoins.
On the upside, proponents argue lighter rules would help euro tokens compete against a market overwhelmingly dominated by the US dollar.
On the downside, central bankers warn that pulling deposits out of traditional banks at scale will increase funding costs and limit credit lending.
Do you think strict regulations will completely kill the growth of euro pegged stablecoins ?