Italy's Decibel: Stablecoins over Tariffs!

Giancarlo Giorgetti, Italy's Minister of Economy, says US stablecoins pose a bigger threat to the euro than Trump's tariffs. Why? Their increasing use might undermine the euro in cross-border payments. Currently, US regulations on stablecoins are scattered, but new legislation aims to ensure transparency and stabilization. Giorgetti calls for Europe to fortify the euro's status, potentially through a digital euro, hinting that relying on US-based solutions isn't ideal. Meanwhile, @PieroCipollone from ECB backs these calls, fearing a shift in eurozone financial power.