Stablecoins Remain Small in Euro Area, But Global Expansion Raises ECB Concerns
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- ECB warns stablecoin growth could threaten financial stability if expansion continues unchecked.
- USDT and USDC dominate the market; euro-denominated stablecoins remain marginal.
- Links to traditional finance and regulatory gaps raise risks for banks and global markets.
A new European Central Bank (ECB) analysis warns that stablecoins remain relatively small in the euro area. However, their rapid global expansion and deepening links with traditional finance could create meaningful spillover risks if growth continues unchecked.
Stablecoin Market Hits Record Levels
According to the ECB, the total stablecoin market has surged past $280 billion, reaching a fresh all-time high and now representing roughly 8% of the entire crypto market. Two US-dollar stablecoins, Tether (USDT) and USD Coin (USDC), overwhelmingly dominate the space, accounting for nearly 90% of supply.
…Read The Full Article Stablecoins Remain Small in Euro Area, But Global Expansion Raises ECB Concerns On Coin Edition.
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Coins
$ 0.99982
+0.01%
$ 1.00001
+0.02%
$ 0.99971
-0.04%
$ 1.00046
-0.05%
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Coins
$ 0.99982
+0.01%$ 1.00001
+0.02%$ 0.99971
-0.04%$ 1.00046
-0.05%Share:
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Stablecoins Remain Small in Euro Area, But Global Expansion Raises ECB Concerns
Share:
- ECB warns stablecoin growth could threaten financial stability if expansion continues unchecked.
- USDT and USDC dominate the market; euro-denominated stablecoins remain marginal.
- Links to traditional finance and regulatory gaps raise risks for banks and global markets.
A new European Central Bank (ECB) analysis warns that stablecoins remain relatively small in the euro area. However, their rapid global expansion and deepening links with traditional finance could create meaningful spillover risks if growth continues unchecked.
Stablecoin Market Hits Record Levels
According to the ECB, the total stablecoin market has surged past $280 billion, reaching a fresh all-time high and now representing roughly 8% of the entire crypto market. Two US-dollar stablecoins, Tether (USDT) and USD Coin (USDC), overwhelmingly dominate the space, accounting for nearly 90% of supply.
…Read The Full Article Stablecoins Remain Small in Euro Area, But Global Expansion Raises ECB Concerns On Coin Edition.
In This News
Coins
$ 0.99982
+0.01%$ 1.00001
+0.02%$ 0.99971
-0.04%$ 1.00046
-0.05%Share:
In This News
Coins
$ 0.99982
+0.01%$ 1.00001
+0.02%$ 0.99971
-0.04%$ 1.00046
-0.05%Share:
Read More
Record-Breaking Binance Stablecoin Reserves Surge to $51.1B Amid Market Volatility