ECB warns: US push for crypto adoption could increase risks for European stablecoins

Odaily News The European Central Bank (ECB) recently published a blog post stating that the United States is promoting the adoption of crypto assets (especially stablecoins) through legislation and regulatory actions, which may lead to the eurozone facing "monetary sovereignty" risks. The report emphasizes that if dollar-dominated stablecoins such as USDT and USDC are widely used in Europe, it may weaken the circulation status of the euro and the ECB's control over monetary policy. The ECB called for the acceleration of the implementation of the MiCA regulatory framework to prevent stablecoins from being widely circulated during the regulatory gap. (Cointelegraph)