Europe Must Embrace Euro Stablecoins Now or Surrender Financial Sovereignty, Warns Ex-ECB Heavyweight

The eurozone's dragging its feet on stablecoins—and it's about to pay the price.

Regulatory paralysis meets DeFi disruption

A former European Central Bank insider just dropped a bombshell: either Brussels fast-tracks euro-pegged stablecoins, or watch monetary influence hemorrhage to private issuers and offshore jurisdictions. The warning comes as Tether's EURT quietly eats into traditional settlement volumes.

The custody conundrum

While MiCA regulations crawl toward implementation, Circle and other licensed issuers face absurd capital requirements that legacy banks never endured. Meanwhile, European banks still charge 3-5 business days for cross-border euro transfers—a Stone Age relic in DeFi's 24/7 world.

The closing window

Every month of bureaucratic dithering cedes more ground to dollar-denominated stablecoins. The irony? Europe's obsession with 'risk mitigation' might be the riskiest move of all. After all, nothing says financial innovation like requiring 18 committees to approve a blockchain transaction.