US Stablecoin Plans Ignite EU Regulatory Dispute

U.S. endorsement of cryptocurrencies and promotion of dollar-based stablecoins has reportedly sparked tensions between the European Commission and the European Central Bank. ECB Dollar-Based Stablecoin Concerns Overblown U.S. President Donald Trump’s endorsement of cryptocurrencies is reportedly causing a tiff between the European Commission (EC) and the European Central Bank (ECB), which sees this embrace endangering