European Central Bank Villeroy: Europe risks falling behind the United States in stablecoins.

According to news from Mars Finance, in an interview with Der Spiegel, François Villeroy de Galhau, a member of the European Central Bank's Governing Council, stated that there is a risk of European banks falling behind the United States in the rapid development of stablecoins, which could undermine the sovereignty of the European continent. He pointed out that Europe is leading in regulation and the development of public digital currencies, but is lagging in the private currency sector; the market size of stablecoins could grow from about $250 billion to several trillion dollars in the coming years, forcing European banks to address the demand for private tokenization currencies. He emphasized that Europe may face risks from private dollar stablecoins issued by non-European participants, a near-currency existence, which is just beginning to be discussed but is crucial for Europe's future sovereignty. Previously, it was reported that nine European banks plan to jointly launch a MiCA-compliant euro stablecoin.