European Central Bank Highlights Stablecoin Growth and Potential Risks

According to ChainCatcher, the European Central Bank (ECB) has indicated in its pre-release of the financial stability assessment that while current financial stability risks are limited, the rapid growth of stablecoins warrants close monitoring. The ECB noted that stablecoins are developing swiftly and may be adopted in new applications, which could introduce financial stability risks in the future. The complete assessment report is scheduled for release this Wednesday.