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Ex-ECB Official Urges Europe to Back Euro Stablecoins or Risk Losing Financial Power

Stablecoins are growing fast. Most of the $255 billion sector is currently concentrated in U.S. dollar-backed tokens, which account for $241 billion of that total, according to RWA.xyz data. Former European Central Bank board member and chair of Société Générale, Lorenzo Bini Smaghi, has said that the imbalance could sideline Europe in the next phase [...]

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Published by: zephyrnet

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