Italy’s Finance Minister: US Stablecoins Pose Bigger Threat to Europe Than Tariffs

In a recent address, Italy’s Finance Minister Giancarlo Giorgetti has raised alarm bells about the growing influence of US-backed stablecoins. He contends that these digital assets pose a greater threat to European financial stability than trade tariffs. Giorgetti argues that US stablecoins could significantly erode the euro’s dominance in cross-border payments, undermining the continent’s monetary sovereignty.  He urges swift action to advance the development of the digital euro and for European Union lawmakers to bolster the Euro’s position as an international currency.