ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy

The European Central Bank (ECB) has expressed concerns that the increasing use of U.S.-supported stablecoins within the European Union could potentially undermine the region's monetary autonomy. This situation raises significant questions about how external financial influences might impact the EU's ability to maintain control over its own monetary policies and financial systems. As stablecoins, which are digital currencies pegged to stable assets like the U.S. dollar, gain popularity, the ECB is warning that their widespread adoption could lead to a reliance on U.S. monetary policies, ultimately jeopardizing the independence of the Eurozone's economic governance. Therefore, the ECB is urging careful consideration of the implications associated with the integration of these stablecoins into the EU's financial framework. source: https://www.coindesk.com/policy/2025/07/29/ecb-says-u-s-backed-stablecoin-use-in-eu-could-weaken-its-monetary-autonomy