Lagarde Advocates for Tokenized ECB Money Over Euro Stablecoins

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2026-05-09 03:10:01

BTCCSquare news:

ECB President Christine Lagarde has dismissed calls for Europe to develop euro-denominated stablecoins as a counterweight to dollar-dominated crypto assets. Speaking at the Banco de España LatAm Economic Forum, she positioned stablecoins as a critical policy issue, noting their market growth from $10 billion to $300 billion since 2018—with Tether and Circle controlling nearly 90% of dollar-pegged offerings.

"Digital dollarization threatens monetary sovereignty," Lagarde acknowledged, but rejected mimicking the US model. Instead, she framed tokenized central bank money as Europe's strategic response. The debate now centers on whether stablecoins primarily serve as currency proxies or as infrastructure for tokenized markets—a distinction Lagarde insists policymakers must address.

By:

Log in to Reply

Intel and Apple Forge Preliminary Chip Deal with Trump Administration Backing

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.