ECB: Stablecoins’ Limited Adoption Maintains Low Risk to Eurozone Financial System

Despite the growing adoption of stablecoins within the cryptocurrency market, the European Central Bank (ECB) believes risks to Europe’s financial system remain minimal. The ECB finds stablecoin use primarily concentrated in crypto trading, limiting their impact on traditional financial systems. 84% of global stablecoin flows are tied to dollar-denominated tokens like Tether and Circle’s USDC, which have limited links to the eurozone economy.