<ul data-eligibleForWebStory="false"><li>Crypto adoption in Europe has mostly been in USD, raising concerns of digital dollarization weakening the ECB's control over monetary policy.</li><li>99.8% of stablecoins used in Europe are tied to the U.S. dollar, prompting worries about American payment infrastructure dominance in European finance.</li><li>EU institutions are enforcing the MiCA framework with regulations for stablecoin issuers to mitigate risks and reduce the influence of foreign digital currencies.</li><li>There are debates on whether a central bank digital euro or private euro-backed stablecoins are the way forward to secure the euro's position in the evolving financial landscape.</li></ul>

Can the Euro Survive the Stablecoin Wave?

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