Crypto

ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’

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In brief

  • ECB President Christine Lagarde said euro stablecoins are “not an efficient way” to boost the euro’s global role, warning their risks outweigh short-term gains.
  • She flagged two “material” risks: financial instability from sudden redemptions and weaker monetary policy…

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