Case for euro stablecoins ‘weaker than it appears’, says Lagarde
ECB president says settlement in tokenised markets must be anchored in central bank money
Christine Lagarde has come out against euro-denominated stablecoins, arguing that settlement in tokenised financial markets must be anchored in central bank money.
In a speech on May 8 at the Bank of Spain’s LatAm Economic Forum, the European Central Bank president said stablecoins were reshaping monetary demand and transforming settlement infrastructure through the use of distributed ledger technology (DLT).
The case for promoting euro-denominated stablecoins is far weaker than it
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