Europe Must Embrace Euro Stablecoins Now or Face Financial Irrelevance, Warns Ex-ECB Heavyweight

Europe's financial sovereignty is on the clock—and stablecoins are the ticking bomb.

The wake-up call banks don't want to hear

A former ECB insider fires a warning shot: adopt euro-pegged stablecoins or watch monetary power hemorrhage to private issuers and rival jurisdictions. The stakes? Nothing less than control over the continent's financial plumbing.

Regulatory paralysis meets DeFi reality

While Brussels debates MiCA 2.0 drafts, dollar stablecoins already process more daily transactions than some national payment systems. "Innovation waits for no bureaucracy"—especially not one still faxing amendments to printer cartels.

The cynical footnote

Of course, this sudden urgency comes only after stablecoins demonstrated they could actually work—unlike certain blockchain projects the ECB championed with taxpayer millions. The eurozone always fights the last war... just in time to lose the next one.