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Dollar-Based Stablecoins Pose Greater Threat to Euro, Italian Economy Minister Says

Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes.

The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, Italian Economy Minister Giancarlo Giorgetti recently warned.

Speaking at an asset management event in Milan, Giorgetti emphasized that the United States’ evolving cryptocurrency policy—particularly regarding dollar-pegged stablecoins—presents a compelling cross-border payment method that European authorities cannot afford to ignore.

Dollar-Based Stablecoins Pose Greater Threat to Euro, Italian Economy Minister Says

Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes.

The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, Italian Economy Minister Giancarlo Giorgetti recently warned.

Speaking at an asset management event in Milan, Giorgetti emphasized that the United States’ evolving cryptocurrency policy—particularly regarding dollar-pegged stablecoins—presents a compelling cross-border payment method that European authorities cannot afford to ignore. 

https://news.bitcoin.com/dollar-based-stablecoins-pose-greater-threat-to-euro-italian-economy-minister-says/