Thread - Nostr Hypermedia

⚡️🇪🇺 NEW - The ECB states that stablecoins could destabilize the financial system by diverting retail deposits from eurozone banks. According to ECB analysts, a run on stablecoins could lead to a massive sell-off of reserve assets, affecting US Treasury markets and potentially triggering a financial crisis without coordinated global regulation.

Replies (5)

FLASH flash@primal.net 1 month ago

🗞️

European Central Bank

Stablecoins on the rise: still small in the euro area, but spillover risks loom

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price...

M-Vil mvil@iris.to 1 month ago

Fuk the ECB and fuk the EU fuking psycopaths

wolfpy wolfpython@iris.to 1 month ago

As it should View quoted note →

Jamie 1 month ago

For sure this is a risk. I’m worried about this in Canada too and want my country to take this threat seriously. The solution isn’t joining in a competing stablecoin as they will be too late to compete. Countries need to figure out ways to use Bitcoin to compete.

Jerome Powell 21iQ 40TPW 1 month ago

OBEY