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ECB reiterates need for a digital euro to counter influence of dollar-based stablecoins – TON BOT

ECB reiterates need for a digital euro to counter influence of dollar-based stablecoins

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ECB Chief Economist Philip Lane emphasized the need for a digital euro to counter stablecoins and reduce reliance on US payment firms. He highlighted the rise of stablecoins in Europe and the region’s dependence on US-based providers. The ECB has been developing the digital euro project and aims to conclude a preparatory phase by October. Other ECB officials have also urged the adoption of a digital euro to strengthen financial sovereignty and mitigate potential risks associated with crypto adoption.

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