ECB President: Europe Must Establish Its Own Digital Asset Market to Maintain Financial Stability
According to a report by Jinse Finance, Bloomberg analyst Walter Bloomberg released market news stating that European Central Bank President Piero Cipollone said Europe must establish its own digital asset market to maintain financial stability. He supports the use of the digital euro for daily payments and warned that if deposits shift to foreign tokens, stablecoins could weaken banks and monetary policy. Although stablecoins can facilitate cross-border payments, he pointed out that Europe already provides fast and secure central bank fund transfer services.
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