ECB Chief Says Stablecoins Won’t Strengthen Euro’s Global Position

European Central Bank President Christine Lagarde has said that stablecoins are not the right way to strengthen the euro’s international position.

Her remarks come as policymakers debate whether Europe should respond to US dollar-backed stablecoins by developing euro-denominated digital tokens. However, Lagarde rejected this idea, signaling that she does not view it as an effective strategy for boosting the euro’s global standing.

Source: European Central Bank (ECB)