ECB Rejects Plans Designed To Boost Euro Stablecoins

The European Central Bank toughens its stance against euro stablecoins. Meeting this week with European Union finance ministers, the ECB rejected several proposals aimed at promoting their development, considering that they could threaten the financial stability of the bloc. This position comes as dollar-backed stablecoins largely dominate the global market and increase pressure on Europe in the race for digital payments.

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