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EU Crypto Drama: Dollar Stablecoins Damaging EU Financial Stability?

Author

Austin Hodge
April 23, 2025

Europe's crypto landscape just took an unexpected twist, leaving governmental and financial leaders alike on the edge of their seats. The European Central Bank is clamoring for tweaks to the newly minted Markets in Crypto Assets (MiCA) legislation, fearing Washington's crypto enthusiasm might shake the economic bedrock of the EU. This unanticipated call for a legislative rework pits EU central bankers against the European Commission, all stirred by the United States' potential to unleash a tidal wave of dollar-backed stablecoins. The ECB's bold move is anything but popular in a bloc traditionally known for its slow-and-steady policy approach. Will Europeans hold the line or pivot under pressure?

Let's dive in!

  • ECB calls for MiCA revisions over US crypto threat, clashes with EU Commission as stablecoin sector could hit $2 trillion in 3 years. — Read More

  • Banque de France blasts Trump's pro-stablecoin order, calls for digital euro to safeguard European financial sovereignty. — Read More

  • Synthetic dollars aim to stabilize the unstable mess of current stablecoins, exposing the vulnerabilities of traditional mechanisms. — Read More

  • California Assembly Bill 1052, aimed at protecting cryptocurrency users' rights to self-custody, passed committee with bipartisan support. — Read More

  • Trump Media is collaborating with Crypto.com and Yorkville America Digital to launch 'America-First' digital asset ETFs, combining crypto with U.S.-centric sectors. — Read More

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