[European Central Bank Official: The Best Response to Stablecoins is the Introduction of a Digital Euro] According to Bloomberg, Isabel Schnabel, a member of the European Central Bank's Executive Board, stated that stablecoins pose multiple risks to financial stability and monetary policy, and the best way for the ECB to respond is to ensure that public money continues to serve as the anchor of the system. She noted that while private monetary innovations like stablecoins can bring 'significant benefits,' they may also increase the risk of bank runs in the financial system, weaken the transmission of interest rate decisions, and reinforce the international dominance of the U.S. dollar. Schnabel emphasized that the ECB's strategy relies on the digital euro as a retail central bank digital currency (CBDC) and tokenized central bank money as a wholesale CBDC. She stated that many of the advantages of stablecoins stem from their underlying technology rather than the characteristics of the instruments themselves.