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European Central Bank wary of US stablecoin influence despite EU’s MiCA safeguards – TON BOT

European Central Bank wary of US stablecoin influence despite EU’s MiCA safeguards

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The European Central Bank is concerned about the potential impact of US President Donald Trump’s support for cryptocurrencies, particularly stablecoins. The ECB believes that US stablecoin legislation could expose the EU to market instability and has urged EU lawmakers to strengthen regulations. However, the European Commission disagrees, stating that existing laws are sufficient to control digital asset risks within the EU. Global concerns persist about the dominance of US-backed stablecoins and the potential for US influence over global financial systems. Chinese economist Zhang Ming has warned about the consequences of US dominance in the stablecoin sector and encouraged Chinese policymakers to promote the internationalization of the digital yuan.

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