X @Wu Blockchain

Financial Stability Risks - ECB warns stablecoins could destabilize the financial system by drawing retail deposits away from eurozone banks [1] - A stablecoin run could trigger a fire sale of reserve assets, impacting U.S Treasury markets and potentially causing a financial crisis [1] Market Size & Regulation - Stablecoins' market capitalization has surpassed $280 billion [1] - Coordinated global regulation is needed to prevent a financial crisis related to stablecoins [1]