ECB Warns Stablecoins Could Trigger Bank Runs; European Commission Says Risks Are Contained Under MiCA

The European Central Bank (ECB) has raised concerns that stablecoins could spark a bank run, warning they might pose significant risks to financial stability in the Eurozone. In response, the European Commission released a report on June 25 stating that the risks posed by stablecoins remain within a manageable range under the EU’s Markets in Crypto-Assets Regulation (MiCA).

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