EU’s Concern of Trump’s Pro-Crypto Policies To Undermine Euro Stability

The European Union voiced its opinion against US President Donald Trump’s crypto support. The ESM and ECB have teamed up to fast-track the rollout of a digital euro. The price of euro has crashed massively, dropping approximately 50% of its value since its launch. The European Union is becoming increasingly uneasy over U.S. President Donald Trump’s strong backing of digital assets, especially dollar-backed stablecoins. European finance officials worry this shift could undermine the euro’s monetary sovereignty and disrupt financial stability, particularly as the EU struggles with a weakening currency. Europe’s Response to Growing Crypto Threat Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), expressed these concerns at a Eurogroup press conference on March 10. He noted the U.S. government’s supportive stance toward cryptocurrencies and stablecoins might allow American tech giants to build dominant payment systems in Europe. “ If this were to be successful, it could affect the euro area’s monetary sovereignty and financial stability, ” Gramegna warned, reiterating the EU’s urgency in launching the digital eur… The post EU’s Concern of Trump’s Pro-Crypto Policies To Undermine Euro Stability appeared first on Coin Edition .