ECB Advisor Warns: Stablecoins Could Topple Europe’s Banking System
Europe's financial gatekeepers are sweating over stablecoins—and they're not hiding their panic.
The threat regulators won't admit
Private stablecoins now handle more daily transactions than some national payment systems. Every algorithmic dollar pegged to fiat is a quiet middle finger to legacy banking infrastructure.
Why banks are playing catch-up
While Brussels drafts its 47th MiCA amendment, USD-backed stablecoins already clear cross-border payments faster—and cheaper—than SEPA ever could. The ECB's 'wait-and-see' approach looks more like 'wait-and-collapse.'
The coming reckoning
When €500B in corporate treasury reserves inevitably migrates to yield-bearing stablecoins, don't expect polite applause from Frankfurt. Just another emergency meeting where bankers blame 'unregulated disruptors' for their own complacency.
