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Lagarde: Europe's Stablecoin Plan, Not Copycat
Description
European Central Bank President Christine Lagarde dismisses the idea of European stablecoins, instead advocating for tokenized settlement systems linked to central bank money. She warns of potential risks associated with euro stablecoins, citing past incidents like the Silicon Valley Bank crash. Europe plans to develop its own innovative financial ecosystem through projects like Pontes and Appia, aiming for a stronger, safer future.
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