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Ex-ECB Official Urges Europe to Back Euro Stablecoins or Risk Losing Financial Power

Summary by Coin Desk
Ex-ECB board member Lorenzo Bini Smaghi warned the EU's slow roll-out of euro stablecoins could cede control to dollar-backed tokens.

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Christine Lagarde, president of the financial institution, asserts that cryptocurrency could undermine its ability to manage monetary policy. Read more

The EU is making serious progress with regulated stablecoins – and Germany is making progress: With EURAU, AllUnity is issuing the first fully MiCA-compliant Euro stablecoin. Source: BTC-ECHO BTC-ECHO

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BTC-ECHO broke the news in on Friday, July 4, 2025.
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