EU officials worry Trump's support for cryptocurrencies could affect Europe's financial stability

Odaily News Pierre Gramegna, president of the European Stability Mechanism (ESM), said at a press conference that US President Trump’s support for cryptocurrencies could affect Europe’s financial stability and monetary sovereignty.
He pointed out that if the US government promotes stablecoins denominated in US dollars, it may prompt US technology giants to launch related payment solutions, thereby weakening the monetary autonomy of the eurozone. Irish Finance Minister Paschal Donohoe also emphasized that policy changes in other countries may have a profound impact on Europe, and the EU needs to speed up the development of the digital euro (CBDC) to ensure the stability and autonomy of the monetary system.