EU Official Warns Trump’s Support for Dollar-Backed Stablecoins Could Threaten Europe’s Financial Stability

On March 10, 2025, director of the European Pierre Sustainability Mechanism Gremen expressed concern about the impact of US President Donald Trump policy on Europe’s financial stability. Greman warned that the support of the US administration on cryptocurrencies, in particular, stable stable dollars, could take a risk to Europe autonomy. He stated that technological giants, both US and foreign, can use these stable systems to launch mass payment systems, which could violate the Eurozone financial stability.

Grahamga comments came after the Eurogroup press conference, where he emphasized the urgent need for the European Central Bank (ECB) to accelerate the development of the digital euro. He once again stressed that the digital euro was vital for the protection of Europe’s strategic autonomy in the world, which is increasingly affecting digital currencies. The ECB is planned to present more specific plans for the digital euro in the second quarter of 2025, and Gremen emphasized that the initiative is more necessary than if it is.

Unlike this, the US government under President Trump pushes for the wi

de adoption of digital assets. Trump has signed several executive orders, including one that supports global dollars. In addition, the recent step of Trump to create a strategic reserve bitcoin and a digital asset of shares has strengthened discussions about the role of cryptocurrencies in the world economy. Trump is also aimed at introducing a stable legislation until August 2025.

The European Central Bank has drawn up its cryptocurrency position such as Bitcoin Clear, and President Christina Lagardo rejected the idea of ​​including cryptocurrency in the reserves of the Central Bank of Europe. Lagarda said the Central Bank’s reserves should remain “liquid, safe and safe”, effectively excluding bitcoin and other cryptocurrencies to be part of Europe’s financial assets. This position strengthens Europe’s caution fully accepting digital currencies, especially those supported by the US dollar.

In addition to comments by Graham, Ireland’s finance minister Pashal Donaho also emphasized the importance of Europe, which remains forward in the digital currency race. He stressed that the events in the US may affect Europe’s autonomy and its currency stability. The ECB expands its work on a digital Euro and focused on launching the Central Bank’s digital currency (CBDC) to help maintain Europe’s financial stability in the face of growing global competition from digital assets.

With the rapid growth of the cryptocurrency sector, Europe is actively working on strengthening its financial systems and protected by its monetary independence from the influence of digital assets supported by the United States.