ECB Warns Stablecoins Are Rising Fast With Spillover Risks
The European Central Bank (ECB) has warned that the speedy growth of stablecoins—regardless of their still-limited footprint within the euro space—poses rising financial-stability dangers, particularly as interlinkages with world markets deepen. Do stablecoins make Europe much less financially steady? They could cause volatility if their values sharply deviate from underlying asset costs or if buyers…
