The European Central Bank (ECB) is raising the alarm about the increasing popularity of dollar-linked stablecoins, urging for a digital euro as a countermeasure. Piero Cipollone, an executive board member at the ECB, has published a new article expressing concern over this trend. He argues that a central bank digital currency (CBDC) would bolster monetary sovereignty within the Eurozone by limiting the use of dollar-based stablecoins as a common medium of exchange in Europe. This initiative follows previous public statements from Cipollone, who consistently advocates for a digital euro as a key response to the dominance of dollar-linked stablecoins within the European market.