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European Central Bank President Christine Lagarde expressed skepticism about the necessity of euro-pegged stablecoins, arguing that they could undermine the ECB's effectiveness and worsen financial instability, despite efforts by major euro zone banks to develop such crypto assets. #Euro #Stablecoins #ECB #FR #ES #US
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ECB's Lagarde is sceptical of euro stablecoins
FRANKFURT, May 8 (Reuters) - European Central Bank President Christine Lagarde on Friday expressed scepticism over the need for stablecoins pegged to the euro, saying they may hamper the ECB's own work and exacerbate any financial turmoil.