Italy’s Economy Minister warns: dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes! The EU must act fast to maintain its financial dominance. At a Milan event, Giorgetti highlighted the growing appeal of dollar-pegged stablecoins in cross-border payments, emphasizing the urgency of a strong EU response. Meanwhile, the U.S. is advancing stablecoin laws that critics say extend dollar hegemony. To counter this shift, the European Central Bank is developing the digital euro, aiming to safeguard fiat currencies and offer a compelling alternative. But banks fear liquidity risks from ECB-backed digital wallets. 🏦🔄 Is the digital euro enough to keep the euro competitive? Or will stablecoins reshape global finance? Drop your thoughts below!