The ECB (European Central Bank) issues an alert after its latest report: the increase of #Stablecoins could divert deposits from euro banks, undermining traditional bank financing.
Moreover, there are concerns that a massive withdrawal of these assets could trigger forced sales in the debt markets.
The union between companies of #crypto inside and outside the EU increases vulnerability, a risk that the institution emphasizes as a priority.
In light of these tensions, the European Commission could accelerate its roadmap on crypto regulation, including new rules to ensure the reserve and stability of emissions.
This scenario could increase the volatility of cryptoassets in the next 24 hours, especially for "safe haven" currencies like the euro-stablecoin.
