Against this background

Occasional Paper Series - European Central Bank

European Central Bank outlines stablecoin risks

Against this background, this paper assesses stablecoins’ implications for the euro area based on three scenarios for the uptake of stablecoins: (i) as a crypto-assets accessory function; (ii) as a

A recent ECB report says

From Tether to Terra: The Current Stablecoin Ecosystem and the

A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy.

The report by ECB says that the key purpose of stablecoins in the broader crypto ecosystem and their role for unbacked cryptocurrencies could have a domino effect on

In terms of likelihood

ECB Report States Stablecoins Must Be Urgently Regulated

ECB: Stablecoins Are not Practical as a Mode of Payment

In terms of likelihood, the ECB thinks the widespread use of a stablecoin as a store of value is significantly less probable than the payment scenario. Its biggest concern

Un nuevo informe del BCE

Stablecoins were time and again given an upper hand due to their stability. However, defying its ethos, Terra’s stablecoin lost its $1 peg. Picking on the same point, the

These officials allege that stablecoins’ structure, combined with their exponential growth, pose a unique risk to global markets. Before the May 2025 Terra crash

Un nuevo informe del BCE afirma que las stablecoins no son prácticas como método de pago y que su forma actual no es adecuada para su uso en la economía real.

El desplome de Terra pone de manifiesto el riesgo de las

Stablecoins are not ideal MoE: ECB; Courtesy of Terra?