<ul data-eligibleForWebStory="false"><li>ECB President Christine Lagarde stated at a forum in Portugal that stablecoins, backed by private companies, should not be labeled as real money, warning against the risk of private control over monetary systems.</li><li>She expressed concerns about the growing privatization of money and the potential impact of firms like Circle and Tether on central banks' monetary policy.</li><li>Lagarde emphasized the importance of the digital euro to ensure Europe's financial infrastructure remains under central bank control in the digital era.</li><li>The European Central Bank is reportedly nearing the launch of a digital euro, pending approval, to counter the influence of stablecoins and uphold control over official currencies.</li></ul>

Stablecoins Are Not Money, Says ECB’s Christine Lagarde

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