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ECB executive: Digital euro will restrict the use of stablecoins in Europe "

Internet reports that the European Central Bank is stepping up its warnings against the adoption of stablecoins, with a senior official calling for the launch of digital euros to curb the influence of stablecoins pegged to the US dollar on the European continent. European Central Bank Executive Board member Piero Cipollone wrote another article highlighting concerns about the growing popularity of U.S. dollar stablecoins. He believes that the launch of a central bank digital currency (CBDC) will help safeguard the monetary sovereignty of the euro zone, and that a potential digital euro "will limit the possibility of foreign currency stablecoins becoming a common medium of exchange within the euro zone." The remarks are a continuation of a series of similar public statements by Cipollone. He has been actively advocating the launch of digital euros as a strategic measure to deal with the dominance of the U.S. dollar stablecoin in Europe.

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