USDT Dominance Sparks ECB Concerns Over Eurozone Monetary Autonomy

The European Central Bank (ECB) has issued a stark warning about the growing dominance of U.S. dollar-pegged stablecoins, particularly Tether's USDT and Circle's USDC, in the Eurozone's payments ecosystem. Senior adviser Jürgen Schaaf compared the situation to the dollarization effects observed in emerging markets, where the adoption of foreign currencies can undermine local monetary policy. With USDT and USDC collectively accounting for over 80% of the $271.8 billion stablecoin market, the ECB fears that their widespread use could erode the Eurozone's monetary autonomy. This development highlights the increasing influence of stablecoins in global finance and raises critical questions about regulatory oversight and the future of sovereign monetary systems.

ECB Warns U.S. Stablecoin Dominance Could Erode Eurozone Monetary Autonomy

The European Central Bank has raised alarms over the potential systemic risks posed by dollar-pegged stablecoins in EU payments ecosystems. Senior adviser Jürgen Schaaf likened the threat to dollarization effects seen in emerging markets, where foreign currency adoption undermines local monetary policy levers.

Tether's USDT and Circle's USDC currently command over 80% of the $271.8 billion stablecoin market. Their growth accelerated after July's U.S. stablecoin legislation, which Standard Chartered projects could catalyze $2 trillion in market capitalization by 2028.

The ECB's concerns center on monetary sovereignty erosion. "Dollar stablecoins may achieve irreversible network effects unless credible euro alternatives emerge," Schaaf warned, noting MiCA regulations may prove insufficient to prevent de facto dollarization in digital payments.

Ethereum and Solana Whales Pivot to BlockchainFX Presale Amid 10,000% ROI Speculation

High-net-worth investors from ethereum and Solana ecosystems are diverting capital to BlockchainFX's presale, lured by projections of exponential returns. The project has raised $4.2 million in its initial offering, with a utility model that distributes trading fees to token holders in USDT and native BFX tokens.

BlockchainFX differentiates itself through tangible rewards mechanisms, including premium metal/gold Visa cards with unlimited global spending. The presale structure offers ground-floor pricing, contrasting with matured assets like ETH and SOL where outsized gains may require newer opportunities.

RAKBANK Partners with Bitpanda to Launch AED-Based Crypto Trading in UAE

RAKBANK has become the first UAE-based bank to offer cryptocurrency trading directly through its mobile app, enabling retail customers to buy, sell, and swap Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) using AED. The service, powered by Bitpanda's regulated infrastructure, eliminates foreign exchange fees and simplifies access to digital assets.

The partnership with Bitpanda, a VARA-licensed platform, ensures compliance and security for local users. Initially invitation-only, the offering will expand to a broader audience in the coming months. Transactions are executed natively in AED, bypassing the need for external wallets or complex setups.

This move marks a significant step in institutional crypto adoption within the UAE, bridging traditional banking with digital asset markets. The integration targets both retail and institutional investors seeking exposure to major cryptocurrencies without jurisdictional or currency barriers.

SunnyMining Launches Mobile App for Passive Crypto Earnings

SunnyMining, a cloud mining platform, has launched a mobile app designed to democratize cryptocurrency mining. The app eliminates the need for specialized hardware or technical expertise, allowing users to earn daily crypto income directly from their smartphones.

The platform supports multiple cryptocurrencies including BTC, XRP, DOGE, USDT, and ETH. Mining operations are fully automated and powered by renewable energy, aligning with growing environmental concerns in the crypto sector.

Security is prioritized through partnerships with established cybersecurity firms. The app is available on both iOS and Android platforms, making crypto mining accessible to a global audience.