According to a report by Bloomberg, a senior European Union policy maker has said that stablecoins without proper guarantees and regulation could threaten financial stability.
Speaking in Washington on Wednesday, Pierre Gramegna, president of the European Stability Mechanism (ESM), said stablecoins could pose a risk to the global financial system if they became mainstream and could not be guaranteed like central bank currencies. He stressed that he was not opposed to stablecoins, but that they needed to operate within a framework that ensured the safety of consumers and financial participants. Moreover, while Martin Kocher, governor of Austria's central bank, argued that stablecoins would not be as popular in the eurozone as they are elsewhere, Gramegna noted that the European Union could not be sidelined in the cryptocurrency space. With 99% of stablecoins denominated in dollars, Europe would miss an opportunity if it did not launch a euro-denominated stablecoin, and he believes that cash, digital currencies and stablecoins can coexist.
The head of the European Stability Mechanism: Stablecoins without proper guarantees and regulation pose a threat to financial stability
2025-10-16 03:41:02
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
欧洲稳定机制负责人：稳定币若缺乏适当担保与管理，将威胁金融稳定Next article：
Sei Network托管Hamilton Lane的代币化信贷基金
