ECB Warns $300B Stablecoin Market Could Trigger Global Financial Crisis
A possible run on stablecoins might drive the European Central Bank to rethink its financial coverage strategy, based on Dutch central financial institution governor Olaf Sleijpen, who warned that dollar-pegged digital tokens are quickly approaching systemic relevance. The $300 billion stablecoin market, which has surged over 48% this yr following new U.S. laws below President…