ECB Advisor: Stablecoins Risk Upending the European Banking System

Jürgen Schaaf, Advisor to the Senior Management of Market Infrastructure and Payments astatine the ECB, has warned astir the imaginable interaction of stablecoins successful Europe, claiming that they could weaken the banking strategy by diverting deposits to decentralized alternatives. ECB Adviser Jürgen Schaaf Warns About Potential Erosion of the Banking System by Stablecoins European authorities […]