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From hype to hazard: what stablecoins mean for Europe
Stablecoins are reshaping global finance – with the US dollar at the helm. Without a strategic response, European monetary sovereignty and financial stability could erode. However, in this disruption there is also an opportunity for the euro to emerge stronger. In an era of rising geopolitical fragmentation and rapid digital innovation, stablecoins have emerged as both a symptom and a driver of change in the international monetary and financial system. While initially lauded for their potential to enhance the efficiency of payments – especially across borders – their growing scale and complexity pose strategic ... (full story)