The post Italy raises the alarm on US stablecoins (USA) appeared on BitcoinEthereumNews.com.

“`html The Italian Minister of Economy and Finance, Giancarlo Giorgetti, has turned the spotlight on a silent but potentially devastating threat for Europe: the United States digital stablecoins (USA), better known as stablecoin. “` In a global context already strained by trade tensions and tariffs between economic powers, Giorgetti did not hesitate to declare that the potential impact of stablecoin issued by the United States could be “much more dangerous” than the current tariff policies imposed by Washington. The words of the minister came on the occasion of a meeting of the G7 Finance ministers, a summit that was held in Stresa, Italy.  During the talks, Giorgetti emphasized how the unregulated spread of U.S. stablecoins represents a concrete risk to the European monetary sovereignty, particularly to the integrity and stability of the euro. The alarm from Italy by Minister Giorgetti: the invisible danger of USA stablecoin Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to valute fiat like the dollar.  In recent years, their use has expanded well beyond U.S. borders, fueling concerns among European governments regarding the excessive dependence on the dollar even in digital markets. According to Giorgetti, the most unsettling aspect is not related to the technology itself, but to the fact that these coins could be used on a large scale within the European Union, gradually eroding the role of the euro as the dominant currency on the continent.  The massive circulation of dollar-linked stablecoins, warns the minister, risks “displacing” the euro, especially in those contexts where digital currency becomes a widespread means of payment. In his speech at the G7, Giorgetti compared two seemingly distinct phenomena, but equally impactful: the imposition of customs duties by the United States and the uncontrolled spread of their stable digital currencies.  The conclusion is clear: while…

---

Filed under: News - @ April 16, 2025 7:26 pm