Nobel laureate Joel Mokyr warned that societies decline when institutions protect existing structures instead of adapting to technological change.
Dismissing stablecoins misses the point. They are becoming new monetary and payment infrastructure. The US understands this.
Europe’s institutional response increasingly appears focused on preserving incumbents and legacy structures rather than adapting to a changing competitive reality. That is becoming a serious strategic problem for the @ecb and Europe more broadly.
Dismissing stablecoins misses the point. They are becoming new monetary and payment infrastructure. The US understands this.
Europe’s institutional response increasingly appears focused on preserving incumbents and legacy structures rather than adapting to a changing competitive reality. That is becoming a serious strategic problem for the @ecb and Europe more broadly.
Stablecoins are not an efficient way to strengthen the international role of the euro, says President Christine @Lagarde.
The best solution remains deeper capital market integration through the savings and investment union and a stronger safe asset base ecb.europa.eu/press/key/date…View quoted post on X
