Lagarde Warns: Stablecoin Risks Demand Strong EU Rules

ECB President Christine Lagarde warns EU lawmakers: foreign stablecoins could trigger financial chaos in Europe without strict regulations. She urges immediate action to establish an equivalence regime, ensuring non-European stablecoin issuers adhere to the same rigorous standards as their European counterparts, protecting consumers and the financial system from potential runs and instability. Hosted on Acast. See acast.com/privacy for more information.