ECB Warns U.S. Crypto Policies Threaten EU Financial Stability

The European Central Bank (ECB) has issued a warning, expressing concerns about how US crypto policies might destabilize the entire European financial system. This concern arises from a rapid surge in dollar-denominated stablecoins within the European market. The ECB’s apprehension highlights the risk posed by increased U.S. influence in this space, particularly as it relates to stablecoin inflows.