Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
ECB executive: Digital euro will limit the use of stablecoins in Europe

ECB executive: Digital euro will limit the use of stablecoins in Europe

CointimeCointime2025/04/09 16:44
By:Cointime

European Central Bank is stepping up its warnings on stablecoins, with a senior official calling for the introduction of a digital euro to curb the influence of stablecoins pegged to the dollar on the European continent. European Central Bank Executive Board member Piero Cipollone wrote another article emphasizing concerns about the increasing popularity of dollar-pegged stablecoins. He believes that the introduction of a central bank digital currency (CBDC) will help maintain the monetary sovereignty of the euro area, and a potential digital euro "will limit the possibility of foreign currency stablecoins becoming a common medium of exchange within the euro area." These remarks are part of a series of similar public statements made by Cipollone. He has been actively advocating for the introduction of a digital euro as a strategic move to counter the dominance of dollar-pegged stablecoins in Europe.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

LAUSDT now launched for futures trading and trading bots

Bitget Announcement2025/06/04 13:11

Aptos Testifies, VeChain Upgrades—But Qubetics’ Blockchain Revolution Makes It the Top Cryptocurrency to Buy Now

Discover why Qubetics is a top cryptocurrency to buy as VeChain and Aptos blaze ahead. Explore QubeQode IDE and see how it could change blockchain for good.QubeQode IDE: Simplifying Blockchain for Developers of All KindsVeChain’s Renaissance Upgrade: A New Phase for a Proven BlockchainThe Takeaway: Why Qubetics is the Top Cryptocurrency to Buy

Coinomedia2025/06/04 13:08
Aptos Testifies, VeChain Upgrades—But Qubetics’ Blockchain Revolution Makes It the Top Cryptocurrency to Buy Now