ECB officials are increasingly voicing concerns that US dollar-denominated stablecoins may threaten the stability of the European economy and financial system. It shows how far the whole sector has come. It may be one of the reasons they are pushing for a digital euro. However, it also makes you think that it is a convenient narrative that they are pushing at the right time to justify the digital euro, which costs taxpayers hundreds of millions with little to no benefit and big risks for human rights and freedom in the future. From the Politico article: "In recent months, both top officials have suggested that the MiCA rules are not strong enough to withstand the effects of a turbocharged U.S. stablecoin industry, worrying that a flood of dollar-denominated assets into Europe could reroute European savings into the U.S. On Thursday, Lagarde said MiCA would have to change, and implied that the unique threat posed by stablecoins was “understood” by the Commission and other EU institutions."