According to Wu Blockchain, the European Central Bank (ECB) stated in its latest official publication, the *Macroprudential Bulletin*, that the growth of euro-denominated stablecoins could impact the sovereign bond market. The ECB highlighted that the report provides a detailed analysis of how the design mechanisms and regulatory policies of euro stablecoins might specifically affect asset demand, liquidity, and potential stress transmission in the eurozone government debt market. With the advancement of the MiCA legislation, European regulators are increasingly focusing on the spillover effects of compliant stablecoin reserves on the traditional financial system. https://(wublock123.com)/news/ecb-report-euro-stablecoins-growth-may-impact-sovereign-bond-market-59509