ECB's Lagarde pushes digital euro as Europe's answer to dollar stablecoin dominance

European Central Bank (ECB) President Christine Lagarde is rallying support for the digital euro as the bloc’s primary tool to counter the growing influence of USD-pegged stablecoins in global payments, dismissing euro-denominated stablecoins as an inadequate alternative. Dollar stablecoins command a market cap of around $317 billion per CoinMarketCap data. Euro stablecoins, on the other...