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ECB’s Schnabel says digital euro needed as stablecoin market nears $300B – TON BOT

ECB’s Schnabel says digital euro needed as stablecoin market nears $300B

The European Central Bank is concerned about stablecoins approaching a $300 billion market value, warning of risks to financial stability and the dominance of the U.S. dollar. ECB officials advocate for the development of a digital euro to maintain control over the payments system and reduce reliance on foreign providers.


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