“Europe Must Compete”: EU Official Demands Euro Stablecoins to Break US Dollar’s Monopoly
A senior European Union official has known as for the creation of euro-backed stablecoins to problem the dominance of U.S. dollar-pegged tokens in international crypto markets. Pierre Gramegna, managing director of the European Stability Mechanism (ESM), said Europe should speed up its efforts to difficulty home stablecoins and strengthen its digital monetary sovereignty. “Europe shouldn’t…
