Christine Lagarde has identified privately-issued stablecoins as representing a greater risk to financial stability and the monetary sovereignty of the EU than cryptocurrencies like bitcoin. She has commented on the topic a few times before and proposes a digital Euro in the form of a CBDC. The European Central Bank (ECB) President says that volatile prices and lack of liquidity make bitcoin and other digital assets poorly suited for use as money. Lagarde is also keen to push on with the ECB’s digital euro. She claims that such a central bank-issued digital currency (CBDC) would help protect the EU’s monetary…
