Post by Tobias Tenner

#Europe must act now: How can we ensure our #competitiveness in the age of #stablecoins and digital money? The financial world is changing rapidly. Stablecoins and tokenised forms of money are creating new opportunities for digital business models and programmable payment processes. But with innovation comes challenge: US dollar-based stablecoins could jeopardise Europe's financial independence. Are we heading for a global dollarisation trap? The #solution? A clear European strategy. The current #MiCAR requirements may not be sufficient – especially for cross-border issuance. This poses risks to the stability and competitiveness of our economy. Europe must close regulatory gaps and remove legal barriers in order to realise the full potential of blockchain technologies. In our discussion paper, we show how this can be achieved Thanks to Stephan Mietke, Andreas Windmeier, Dr. Jenni Milinovic, Georg Heibel, Maximilian Baum, Simon Seiter, Benedikt Faupel, Sharon ODONNELL, Dirk Feige, Cindy Breuer, Axel Jester, Timm Reinsdorf, Manuel Klein, Rudi Bednarek, Bankenverband