Medios de pago y nuevos canales bancarios

Despite rapid growth in terms of capitalization and rising cross-border flows, dollar-backed stablecoins face significant barriers in the Euro Area. Exchange rate and issuer risks, coupled with strict EU regulation, private initiatives and the digital euro project, limit their potential to disrupt European financial systems; however, regulators and traditional financial services providers should continue to pay close attention to the fast development of decentralized finance and key assets like stablecoins.

Este trabajo analiza por qué es improbable que las stablecoins respaldadas por el dólar se afiancen en la zona del euro, pese al impulso regulatorio y político de EE. UU. para promoverlas.