ECB rejects euro stablecoins, reinforcing dollar dominance

The European Central Bank, through Christine Lagarde's statement, has closed the door to euro-denominated stablecoins.

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The fact

This decision delays the emergence of a private digital currency pegged to the European currency, contrasting with proliferating dollar-based projects.

The rejection reinforces dollar dominance in the cryptocurrency ecosystem, undermining European monetary independence.

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Union européenne Christine Lagarde Banque centrale européenne (BCE)#BCE #stablecoins #euro #Lagarde #dollar

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