ECB President Christine Lagarde warned the changes would destabilize bank funding and weaken interest-rate transmission.

The European Central Bank pushed back on proposals to boost euro stablecoins at an informal EU finance ministers meeting in Nicosia, warning that central bank-style support for…

ECB President Christine Lagarde warned the changes would destabilize bank funding and weaken interest-rate transmission.

The ECB rejected proposals to ease euro stablecoin reserve requirements, citing threats to banking stability and monetary policy amid a $300B stablecoin market.