Stablecoin related to the dollar, it is alarm: ECB and EU institutions warn on global risks
The European Central Bank (ECB) and other EU institutions have raised significant concerns about the global risks posed by U.S. dollar-backed stablecoins, such as Tether (USDT) and USD Coin (USDC), which dominate the $255 billion stablecoin market, with 99.8% of stablecoin activity in Europe tied to the U.S. dollar. These warnings center on threats to … Read more