The European Union should foster the development of euro-denominated stablecoins to compete with US dollar-denominated tokens, according to Pierre Gramegna, the managing director of the European Stability Mechanism (ESM), an economic crisis organization for the EU.
“Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets,” Gramegna said at Thursday’s hearing about the overall economic health of the eurozone, which included commentary…
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