ECB board member Isabel Schnabel warns $300B stablecoin market reinforces US dollar dominance, calls for digital euro and robust regulation.
Non-dollar stablecoins reach $1.2B supply, with euro tokens leading at 80%. MiCA regulation drives adoption, processing $10B monthly.
Amsterdam-based Qivalis consortium grows to 37 banks, onboarding 25 new institutions across 15 countries for a MiCA-compliant euro stablecoin launch in 2026.