Stablecoins Weaken Eurozone Monetary Policy Transmission: European Central Bank

In a March 3 report titled “Stablecoins and Monetary Policy Transmission”, the European Central Bank (ECB) warned that increased stablecoin adoption was undermining financial stability and policy effectiveness in the eurozone. ECB outlines the cascade of risks imposed by stablecoins  According to the ECB, as more people swap the euro for these virtual currencies, banks … source: https://coinpedia.org/news/stablecoins-weaken-eurozone-monetary-policy-transmission-european-central-bank/