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ECB Pushes Back on Looser Euro Stablecoin Rules, Citing Banking Risks According to Reuters, the European Central Bank pushed back against p…

ECB Pushes Back on Looser Euro Stablecoin Rules, Citing Banking Risks According to Reuters, the European Central Bank pushed back against proposals to ease rules for euro stablecoins, warning that broader issuance could reduce bank lending and make interest-rate control harder. Central bankers, including ECB President Christine Lagarde, opposed the idea over concerns that stablecoins could drain bank deposits and weaken lenders' funding. Brussels-based think tank Bruegel warned that stricter EU rules could push activity offshore and deepen "digital dollarization."
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