TODAY: A new paper from the European Central Bank warns that growing stablecoin adoption could pull deposits out of banks, constrain lending, and weaken it's ability to transmit monetary policy, with the risks rising sharply as adoption scales.

TODAY: A new paper from the European Central Bank warns that growing stablecoin adoption could pull deposits out of banks, constrain lending, and weaken it's ability to transmit monetary policy, with the risks rising sharply as adoption scales.

𝕏/@CoinDesk •

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