According to Odaily Planet Daily, Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, stated in an interview with Continental Weekly that European banks risk falling behind the United States in the rapid development of stablecoins, which could undermine the continent's sovereignty. He noted that Europe leads in regulation and public digital currency development, but lags behind in the private sector. He added that the stablecoin market could grow from approximately $250 billion to trillions of dollars in the coming years, forcing European banks to address the demand for private tokenized currencies. He emphasized that Europe could face risks from the existence of private dollar-denominated stablecoins issued by non-European parties, which are near-currencies. While discussions on this topic are still in their infancy, they are crucial to Europe's future sovereignty. (Bloomberg)