ECB flags risk of financial contagion from US crypto push
Article
Publish date
Apr 22, 2025 - 12:00am
Publisher
Cointelegraph
Web URL
https://cointelegraph.com/news/ecb-warns-us-crypto-push-stablecoin-risk-europe
Referenced by
ECB warns Trump’s crypto support could pose contagion risks
Crypto news
News story
The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system.
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Quote
The concern is that US reforms backed by President Donald Trump could flood European markets with dollar-denominated stablecoins. The ECB fears this could trigger a flight of European capital into US assets, undermining EU financial sovereignty and exposing banks to liquidity risks.
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