A rented blog post by the European Central Bank (ECB) raised an alarm about the impact of the US dollar dominance in the Stabeloin market, about Donald Trump’s recent signature for the presidency Talented act In law.
This trend led to investing for European countries, reduced the autonomy of the European central bank, and deepened geopolitical dependence on the United States.
European Union asked for fast-track digital euro
ECB advisor, Jurgen Shefff claimed that strategic advantage tolerated us through its “Stabeloin Dominance”, which gives it to the global impact, leaving the global impact and financing it to give it more cheaply.
Post emphasizes potential results for Europe, warning that dependence on dollar-based stabecoin for payment and savings may reduce ECB control on monetary policy.
According The market is currently minimum for Reuters, Euro-Dunominated Stabelin, with a market capitalization of less than 350 million euros, From companies like Binding rope (USDT) and circle (USDC).
In the light of this competitive landscape, the ECB advisor urged the European Union to intensify a digital euro devil and encourage the creation of more euro-bond stabecrims.
Amidst these tensions, the recently implemented Genius Act in the US has accepted finance firms interested in dollar-livelihood cryptocurrency.
Wall Street Giants detect opportunities in Stabecrim
Interactive Brokers Group is a brokerage firm with market capitalization of about $ 110 billion Allegedly Consider launching your own stablecoin.
The founder of the firm, Thomas Peterfi, indicated why it is evaluating how to apply these assets to customers, they recognize the transformative ability of blockchain technology in a broader financial scenario.
Interactive brokers have already established a partnership with crypto platforms such as Paxos and is an investor Crypto exchange Zero hash, enables it to offer trading in various cryptocurrency. The firm now focuses on creating a system for brokerage accounts, 24/7 stabilin funding.
How, Peterfi also took care about the rapid adoption of cryptocurrency, “It is basically difficult to understand its fundamental value.” He insisted that it is open to Stabecoin’s idea, he doubts about their internal value.
In a parallel devilotment, Robinhood has launched its oven stabechoin, global dollar network, in collaboration with other crypto platforms such as Crackon and Galaxy Digital.
The issue by Paxos, it is estimated in Stabelcoin, US dollars and aims to facilitate transfusion with the need for traditional banking systems. Similarly, Asset Manager and Crypto Exchange-Trade Fund (ETF) Issue Wisdomant Recently Unveiled Your own Stabelcoin, USDW.
These devils are part of the progressive steps being raised towards a more adjustment digital asset environment in the US. Wall street firms such as JP Morgan, Citigroup and Goldman Sachs are also discovering the ability of these assets for their operations.
Specially displayed image from Dall-E, chart from traudingView.com
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