TechFlow News, May 8: According to a Bloomberg report, European Central Bank (ECB) President Christine Lagarde stated on May 8, local time, that even euro-denominated stablecoins would pose risks to financial stability and monetary policy transmission, and she questioned the necessity of introducing such instruments. Lagarde noted that although euro stablecoins might help reduce financing costs in the euro area and enhance the euro’s global influence, the associated trade-offs “cannot be ignored.”
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