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ECB's Cipollone: Stablecoins and monetary sovereignty
Developing a European market for digital assets is key to: • Fostering innovation • Preserving European sovereignty • Advancing the savings and investments union Key ingredients: • Based on EU infrastructure and euro-denominated settlement assets; • leverage innovations to raise efficiency and strengthen financial ecosystem • Central bank money as the risk-free settlement anchor alongside private settlement assets – reduce risk, enable scale and avoid fragmentation Global stablecoin markets continue to scale up: • Stablecoins are used mostly in the crypto-asset ecosystem; other use cases include ... (full story)
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