The European Central Bank (ECB) calls for urgent stablecoin regulation. He urged regulators not to delay regulating stablecoins.
The central bank said that the growth of cryptocurrencies Fiat-backed cryptocurrencies are urgently needed to create a regulatory framework for that type of digital asset, with banks concerned about how stablecoins will affect traditional markets.
It also warns that using leverage can lead to significant losses.
Earlier, ECB Chairman Christine Lagarde viewed stablecoin as an asset. non-currency She also stressed that the coin must be fully backed by the fiat currency.
“Stablecoins, despite being tokens, are in reality. It deals with all real currencies. For example, some say it can be used for transactions. The value corresponds to the dollar in all respects.”
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