Stablecoins Could 'Pose Stability Risks,' ECB Says in Latest Warning

First they were dubbed "confusing." Then they were described as "susceptible to vulnerabilities."  Now, following the surge in interest in stablecoins, the European Central Bank reiterated its warning of the risks associated with the assets in a new report. The bank said that "broadening investor interest and global regulatory developments" has pushed the market cap of the tokens to a new high—and this could "pose financial stability risks." "Stablecoins' primary vulnerability is that investors lose confide ...