Key TakeawaysThe European Central Bank (ECB) expressed widespread concern regarding financial stability risks and noted a fragile economic recovery in the Euro area during its December 18th monetary policy meeting, despite staff projections strengthening confidence in the medium-term outlook.China and the United States have reportedly signed off on a US spinoff of the popular social media platform TikTok, potentially resolving significant geopolitical and data security concerns.Abbott Laboratories (ABT) ann ...

The European Central Bank (ECB) has warned that the rapid expansion of stablecoins—despite their still-limited footprint in the euro area—poses emerging financial-stability risks, especially as interlinkages with global markets deepen. The findings come from the ECB report Stablecoins on the rise: still small in the euro area, but spillover risks loom, prepared by Senne Aerts, Claudia Lambert, and Elisa Reinhold, which examines structural vulnerabilities, use cases, and cross-border risks tied to the acce ...