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Amundi, Europe's largest asset manager, has expressed concerns that U.S. stablecoin policies could destabilize the global payment system. The company highlighted that the rapid growth of dollar-backed stablecoins following the enactment of the United States' GENIUS Act may lead to a major shift in global money flows, potentially undermining payment system stability worldwide. Amundi's warnings have been reported by multiple sources, including Reuters, and reflect growing apprehension in Europe regarding the risks posed by this emerging asset class.
🚨 STABLECOINS ARE EATING THE WORLD GBP, BRL, JPY stablecoins are going live. Global bank rails opening up. Liquidity is FLOODING in. It’s not just about the dollar anymore. This is the new financial stack. Full @LondonRealTV interview in comments👇 https://t.co/K9mbUwtdcS
Rise of stablecoins could undermine euro area monetary policy, ECB warns https://t.co/kcet3DVuWp
Stablecoins are reshaping global finance – with the US dollar at the helm. Without a strategic response, European monetary sovereignty and financial stability could erode. However, in this disruption there is also an opportunity for the euro to emerge stronger.
