European Central Bank President: Europe must establish its own digital asset market to maintain financial stability

BlockBeats News, October 19, European Central Bank President Christine Lagarde stated that Europe must establish its own digital asset market to maintain financial stability. She supports the use of a digital euro for everyday transactions and warned that if deposits shift to foreign tokens, stablecoins could weaken banks and monetary policy. While stablecoins can facilitate cross-border payments, she noted that Europe already offers fast, secure central bank money transfer services.