EU officials worry Trump's support for cryptocurrencies could affect Europe's financial stability
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Odaily reports that Pierre Gramegna, the President of the European Stability Mechanism (ESM), stated in a press conference that US President Trump's support for cryptocurrencies could impact the financial stability and monetary sovereignty of Europe. He pointed out that if the US government promotes a US dollar-denominated stablecoin, it could lead to US tech giants introducing related payment solutions, thereby undermining the monetary autonomy of the Eurozone. Irish Finance Minister Paschal Donohoe also emphasized that policy changes in other countries could have far-reaching implications for Europe, and the EU needs to accelerate the development of the digital euro (CBDC) to ensure the stability and autonomy of the monetary system. (Cointelegraph)
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