According to Odaily Planet Daily, a senior European Central Bank official warned that the rise of stablecoins pegged to the US dollar could lead to "dollarization" in the eurozone and weaken the ECB's control over monetary policy. Jürgen Scharf, an advisor to the ECB's Market Infrastructure and Payments Department, wrote on the ECB's official blog that the rapid rollout of stablecoins could expose the eurozone to a problem similar to emerging economies, namely "dollarization," where widespread use of the US dollar hinders local policymakers' ability to set interest rates or control money supply. (Coindesk)