‘We Need a Euro Coin’: Regulators Race to Counter US Stablecoin Grip on European Market

European authorities are sounding stronger warnings that the growing reliance on USD-backed stablecoins could undermine the euro’s sovereignty and disrupt the financial system. As the popularity of stablecoins surges across the region, officials are under rising pressure to promote euro-denominated digital assets. Currently, most stablecoin activity in Europe is still based on the US dollar. This trend has sparked concern among central banks, regulators, and leading lenders source: https://beincrypto.com/eu-challenges-usd-stablecoin-dominance-with-euro/