Lorenzo Bini Smaghi, Chairman of Soci é t é G é n é rale and former Executive Member of the European Central Bank, wrote in the Financial Times that Europe is facing marginalization risks in the fields of stablecoins and digital finance. Currently, nearly 99% of stablecoins worldwide are issued in the United States and denominated in US dollars, with little presence of the euro. Despite the EU's regulatory frameworks such as MiCA, a risk averse culture and resistance within the banking system hinder innovation. He called on the European Central Bank to demonstrate leadership and promote the development of the Euro stablecoin to maintain monetary sovereignty and avoid future marginalization of the global financial system. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45074