European Central Bank warns that the rapid growth of stablecoins requires close monitoring

ChainCatcher News, the European Central Bank stated in its pre-release of the Financial Stability Review that although current financial stability risks are limited, the rapid growth of stablecoins requires close monitoring. The central bank pointed out: "Stablecoins are developing rapidly and may be adopted in new application scenarios, which could introduce financial stability risks in the future." The full assessment report will be released this Wednesday.