ECB Executive Board member Isabel Schnabel compared stablecoins to money market funds, warning of run risks, fire sales and weaker monetary control.

FRANKFURT, June 1 : The increased use of stablecoins could reinforce the dollar's global dominance, undermine some nations' ability to set monetary policy and even diminish the…

Bank of England policymaker Megan Greene anticipated a decline in the popularity of stablecoins, according to a report published on Monday.

The ECB warns stablecoins threaten financial stability and monetary policy, pushing tighter regulation under MiCAR and advancing its digital euro project.

Isabel Schnabel, an ECB board member, said Monday that central banks should respond to stablecoin risks with strong regulation and CBDCs.

ECB Executive Board member Isabel Schnabel compared stablecoins to money market funds, warning of run risks, fire sales and weaker monetary control.