European Central Bank President: Europe must establish its own digital asset market to maintain financial stability
2025-10-18 22:18:31
According to Bloomberg analyst * Walter Bloomberg released market news, European Central Bank President Piero Cipolone said that Europe must establish its own digital asset market in order to maintain financial stability. He supports the use of digital euros for daily payments, and warned that stablecoins could weaken banks and monetary policy if deposits are shifted to foreign tokens. While stablecoins can facilitate cross-border transfers, he noted that Europe already offers fast, secure central bank money transfer services.
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