The European Union (EU) is becoming more and more unstable in the overwhelming domination of US dollars in the StableCoin market, and now accounts for about 97 % of the global StableCoin supply. This concern was amplified following the recent order of President Donald Trump, which aims to strengthen the status of dollars in digital finance. The EU is currently considering the urgent need for digital Euro to protect its financial sovereignty and offset the dollar effect.
Key takes
Starcoin, a US -dollar support, accounts for 97 % of the world’s Stabcoin market. The global StableCoin market is approximately $ 215 billion. The European Central Bank (ECB) proposes a quick introduction of digital Euro. We are concerned that the EU depends on the non -European payment system.
US dollar market share
The advantage of Stabcoin, a US dollar support, is amazing. At present, these stubcoins account for most of the StableCoin market, which is approximately $ 215 billion. The main Stablecoin Teth (USDT) has a market capitalization of about $ 139 billion, accounting for about 62 % of the total market share.
The overwhelming dollar in the StableCoin sector raises questions about the Financial Autonomy of the EU and its member countries. ECB has stated that this trend may impair European economic independence, led to an increase in dependence on international payment systems mainly managed by non -European entities. did.
ECB response
In response to these developments, Piero Cipollone, a member of the ECB executive committee, emphasizes the urgent need for the EU to accelerate the release of digital Euro. He argues that the central bank digital currency (CBDC) not only keeps the central bank access to funds, but also guarantees that European banks will maintain important roles in global financial scenery. 。
Cipollone’s remarks at the 13th ILF meeting held in Frankfurt emphasized the need for digital Euro to protect the EU’s economic interests against dollars. However, some EU member countries, especially France and Germany, have concerns about the stability of financial and potential risks, so the way to implement digital Euro is full of issues. 。
Branch approach: US vs EU
The contrasting approach between the United States and the EU for Stabcoin and digital currency is increasingly clear. The United States has adopted the attitude of the free unit, promoting the use of dollar support stubcoin while explicitly banning CBDC creation. This policy aims to maintain the global rule of the dollar in the digital finance field.
Conversely, the EU is heading for more strict regulations in the MICA framework market for the purpose of ensuring financial stability and consumer protection. This regulation difference can have a significant impact on international trade and financial stability because both areas pursue their own strategies in the evolving landscape of digital finance.
Conclusion
As the StableCoin market continues to grow, the EU’s concerns about US dollars are likely to be strengthened. Promotion of digital Euro represents an important step in Europe regaining financial sovereignty and maintaining competitiveness in a global digital economy. Development in this field is carefully monitored by financial regulatory authorities and market participants, as the balance of digital finance continues to change.