The European Central Bank warns that stablecoins may pose risks to financial stability and calls for a globally coordinated regulatory framework. According to Bloomberg, the European Central Bank pointed out in the pre-release version of its financial stability assessment report on Monday: "Stablecoins are rapidly growing and may be widely used in new application scenarios, which could pose risks to financial stability in the future." The report is set to be officially released on Wednesday. One risk noted in the report is that if stablecoins are widely adopted, households may replace some bank deposits with stablecoins—"this would reduce an important source of funding for banks and increase the overall volatility of their funding," the European Central Bank stated. Following the passage of the U.S. stablecoin bill Genius Act, banks and other financial institutions have been expanding their stablecoin businesses, prompting the European Central Bank to issue the above warning. The bill establishes a new regulatory framework for stablecoins. According to the European Central Bank, the total market capitalization of all stablecoins has reached a historic high, exceeding $280 billion. These comments resonate with statements from other central banks and regulatory agencies, as global regulators discuss revising the banking cryptocurrency holding rules that will take effect next year. The European Central Bank reiterated the "risks posed by cross-border regulatory arbitrage" and added that "it is crucial to further coordinate regulatory frameworks globally." Regarding stablecoins jointly issued in the EU and third countries (the so-called multiple issuance scheme) and their potential risks to EU issuers, the European Central Bank again called for "additional safeguards and setting prerequisites that must be met before obtaining EU market access authorization." The European Systemic Risk Board is pushing for a ban on multiple issuance of stablecoins in the region. #Gate广场圣诞送温暖