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The Bank of Spain warns about the risks of stablecoins
The global stablecoin market cap has exceeded $320 billion, with USD stablecoins accounting for 98% to 99%, and Euro stablecoins about 0.2%.
The Bank of Spain pointed out that stablecoins issued across multiple jurisdictions, such as USDC and USDT, may pose risks of regulatory fragmentation and crisis management coordination.
(Source: MLion)