Key Notes

Sleijpen cautioned that widespread use of dollar-backed stablecoins could weaken the EU monetary control.

This could push it toward emerging-market-like conditions and potentially require ECB policy intervention.

Despite concerns, Sleijpen noted improved Eurozone economic conditions.

Top ECB official and Dutch Central Bank governor, Olaf Sleijpen, recently said that a run on US stablecoin could potentially send shockwaves across the global market. His comments come as the stablecoin volume in 2025 surged by 48% so far, crossing over $300 billion.

The surge follows new rules introduced by US President Donald Trump that open the door for privately issued stablecoins. Last week itself, payments giant VISA introduced its fiat-to-stablecoin pilot program while targeting global

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