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【环球财经】欧洲央行官员警惕稳定币 担忧欧元区“美元化”
Xin Hua She·2025-07-29 12:31

Core Viewpoint - The rise of dollar-pegged stablecoins poses a risk of "dollarization" in the Eurozone, potentially undermining the European Central Bank's (ECB) control over monetary policy [1] Group 1: Stablecoins and Eurozone Risks - A senior official from the European Central Bank warned that the rapid proliferation of stablecoins could lead to issues similar to those faced by emerging economies, where the widespread use of the dollar hampers local policymakers' ability to set interest rates or control money supply [1] - Current data indicates that the total value of stablecoins in circulation globally has increased to approximately $250 billion, with most of these pegged to dollar assets [1] - The ECB's control over monetary conditions would be weakened if dollar-pegged stablecoins become widely used for payments, savings, or settlements within the Eurozone [1] Group 2: Potential Financial System Implications - The official cautioned that a collapse of privately issued stablecoins could trigger a chain reaction within the financial system [1] - The ECB's plan to launch a digital euro is viewed as a robust defense of European monetary sovereignty [1] Group 3: Criticism from International Institutions - The Bank for International Settlements issued a stern warning regarding the poor performance of stablecoins as widely usable currencies, citing three major flaws: lack of central bank backing, insufficient measures against illegal use, and lack of funding flexibility for generating loans [1]