{"id":426767,"date":"2026-05-08T22:24:05","date_gmt":"2026-05-08T16:54:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/ecb-president-says-stablecoins-fail-to-support-euro-ambitions-crypto-news\/"},"modified":"2026-05-08T22:38:56","modified_gmt":"2026-05-08T17:08:56","slug":"ecb-president-says-stablecoins-fail-to-support-euro-ambitions-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ecb-president-says-stablecoins-fail-to-support-euro-ambitions-crypto-news\/","title":{"rendered":"ECB President Says Stablecoins Fail to Support Euro Ambitions – Crypto News"},"content":{"rendered":"

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Europe must build its own modernized settlement solutions anchored by central bank money, because stablecoins alone have structural weaknesses,\u00a0European Central Bank<\/a>\u00a0President\u00a0Christine Lagarde<\/a>\u00a0said Friday (May 8).<\/p>\n

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In a\u00a0speech<\/a>\u00a0delivered at the\u00a0Banco de Espa\u00f1a LatAm Economic Forum<\/a>\u00a0in Spain, Lagarde said that euro-denominated stablecoins might provide short-term gains in financing conditions and international reach but that those benefits would be outweighed by concerns around financial stability and monetary policy transmission.<\/p>\n

\u201cIf we want to strengthen the international appeal of the euro, stablecoins are not an efficient way of doing so,\u201d Lagarde said.<\/p>\n

\u201cThe best solution remains the same: more integrated capital markets through the savings and investment union, and over time a safe asset base that matches the scale of our ambitions for the euro\u2019s international role,\u201d Lagarde said.<\/p>\n

While stablecoins are not the solution, the distributed ledger technology (DLT) behind them makes it possible to build a new cross-jurisdictional financial market infrastructure that would not require legacy intermediaries, Lagarde said.<\/p>\n

Europe needs public infrastructure that would enable alternative instruments to operate while anchored by central bank money. For example, tokenized commercial bank deposits would have the credit quality of regulated institutions and would circulate on DLT platforms, Lagarde said.<\/p>\n

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Advertisement: Scroll to Continue<\/p>\n<\/div>\n

Lagarde also pointed to the Eurosystem\u2019s\u00a0Pontes<\/a> project, which enables DLT-based transactions to be settled in central bank money and is set to become available in September, and the Eurosystem\u2019s\u00a0Appia<\/a> roadmap published in March that outlines the implementation of a fully interoperable, European, tokenized financial ecosystem by 2028.<\/p>\n

\u201cWhen central bank money is available natively on-chain, and when tokenized deposits and\u00a0MiCAR<\/a>-compliant euro instruments can operate within the same interoperable environment, market participants will have no reason to rely on a foreign private substitute by default,\u201d Lagarde said.<\/p>\n

It was reported in October that euro zone finance ministers were deliberating how to strengthen the presence of euro-denominated stablecoins<\/a>, aiming to ensure that Europe is not sidelined in the rapidly expanding digital currency market.<\/p>\n

In April, the Bank of France said it was pressing for a strengthening of MiCAR because that regulation only partially addresses the risks posed by changes in the digital assets sector, particularly around the widespread adoption of non-European stablecoins.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Europe must build its own modernized settlement solutions anchored by central bank money, because stablecoins alone have structural weaknesses,\u00a0European Central Bank\u00a0President\u00a0Christine Lagarde\u00a0said Friday (May 8). In a\u00a0speech\u00a0delivered at the\u00a0Banco de Espa\u00f1a LatAm Economic Forum\u00a0in Spain, Lagarde said that euro-denominated stablecoins might provide short-term gains in financing conditions and international reach but that those benefits would […]<\/p>\n","protected":false},"author":2,"featured_media":426768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-426767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=426767"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426767\/revisions"}],"predecessor-version":[{"id":426769,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426767\/revisions\/426769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/426768"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=426767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=426767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=426767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}