EU Pushes for Euro Stablecoins to Counter US Dollar Dominance in Crypto
The European Union is shifting gears, aiming to boost euro stablecoins as a strong rival to the overwhelming presence of US dollar-pegged tokens. This push comes amid a surge in stablecoin adoption, driven by recent US regulations that have fueled their growth throughout 2025.
Why Euro Stablecoins Matter in the Global Economy
Imagine the US dollar as the reigning champion in a vast arena of global finance, where stablecoins act like digital tickets to the game. Right now, dollar-denominated stablecoins hold most of the seats, thanks to frameworks like the GENIUS legislation passed in the US earlier this year. But EU leaders are saying it’s time for the euro to step into the ring and claim its share.
Pierre Gramegna, managing director of the European Stability Mechanism (ESM), highlighted this during a recent hearing on the eurozone’s economic health. He stressed that Europe can’t afford to rely solely on US dollar stablecoins, which currently rule the markets. “We need our own euro-denominated options to maintain independence,” he essentially argued, pointing to the risks of over-dependence on foreign currencies in the digital space.
This isn’t just talk—it’s a response to real-world shifts. Stablecoins have exploded in popularity, with global market capitalization hitting over $180 billion as of October 2025, according to the latest data from Chainalysis and other blockchain analytics firms. The US dollar versions alone account for more than 90% of that, underscoring the dominance Gramegna wants to challenge.
Leaders Align on Innovation and Caution
Echoing these sentiments, Paschal Donohoe, president of the Eurogroup, nodded to the importance of financial innovation while noting that a digital euro—a central bank digital currency (CBDC)—could still bring big wins for regional commerce. It’s like adding a turbo boost to everyday transactions, making them faster and more secure without handing the keys to private players.
This marks a notable pivot from earlier EU concerns about stablecoins posing systemic risks. Now, with the US leading the charge through clear regulations, European officials see euro stablecoins as essential for staying competitive. Think of it as evolving from a defensive stance to an offensive play in the geostrategic game of currency dominance.
Digital Euro Timeline and Broader Implications
On the CBDC front, things are moving deliberately. European Central Bank (ECB) board member Piero Cipollone, a vocal advocate for the digital euro and critic of private digital currencies, recently stated that a full launch isn’t expected before 2029. Lawmakers’ delays are part of the hold-up, but the goal remains to create a robust alternative that keeps liquidity flowing within the EU.
ECB President Christine Lagarde has been equally direct, warning back in September about the dangers of foreign stablecoins siphoning away euro liquidity. It’s a wake-up call: without action, the EU risks watching its economic influence erode in the digital age.
Globally, stablecoins are more than just tech toys—they’re tools for preserving currency power. US Federal Reserve Governor Christopher Waller has praised dollar stablecoins for reinforcing the dollar’s role in decentralized finance (DeFi). “Most crypto trading happens in dollars, solidifying its dominance,” he noted in a 2024 speech. This contrast highlights why the EU is eager to mirror that success with the euro.
Latest Buzz and Updates on Stablecoin Developments
Diving into what’s trending, Google searches for “euro stablecoins vs US dollar stablecoins” have spiked by 40% in the past month as of October 10, 2025, reflecting growing interest in how Europe plans to compete. On Twitter (now X), discussions are heating up around #EuroStablecoins, with users debating the potential for these tokens to disrupt dollar hegemony. A recent post from the official ECB account on October 5, 2025, teased upcoming consultations on stablecoin regulations, garnering over 10,000 engagements and sparking threads about brand alignment in crypto—ensuring that euro stablecoins not only compete but also align with European values like privacy and stability.
In fresh updates, the Bank of France has called for EU-wide crypto oversight under a Paris-based authority, emphasizing the need for harmonized rules to support euro stablecoins. This aligns with broader efforts to integrate stablecoins into everyday finance, much like how credit cards revolutionized payments decades ago.
Speaking of seamless integration, platforms like WEEX exchange are making waves by offering user-friendly tools for trading stablecoins, including emerging euro options. With a focus on security and low fees, WEEX stands out for its commitment to empowering users in the evolving crypto landscape, helping traders align their strategies with global shifts like the EU’s stablecoin push. It’s a prime example of how innovative exchanges can enhance accessibility without compromising on reliability.
Stablecoins as a Geostrategic Tool
At its core, this stablecoin race is about more than money—it’s about influence. Governments worldwide are racing to digitize their currencies, ensuring they don’t get left behind. The EU’s move toward euro stablecoins could level the playing field, much like how emerging markets have used digital tools to challenge established powers. Backed by evidence from reports like the Atlantic Council’s 2025 GeoEconomics Center analysis, which shows stablecoins boosting currency demand by up to 15% in adopting regions, it’s clear this isn’t speculation—it’s a data-driven strategy for the future.
By fostering these tokens, Europe aims to protect its economic sovereignty, creating a balanced ecosystem where the euro shines alongside the dollar. It’s an exciting chapter in the story of digital finance, inviting everyone to watch how it unfolds.
FAQ
What are euro stablecoins and how do they differ from US dollar stablecoins?
Euro stablecoins are digital tokens pegged to the euro’s value, designed to offer stability for transactions in the crypto world. Unlike US dollar stablecoins, which dominate due to America’s regulatory edge, euro versions aim to keep value and liquidity within the European economy, reducing reliance on foreign currencies.
When will the digital euro launch, and what impact could it have?
Based on ECB updates, the digital euro CBDC isn’t slated for launch before 2029, thanks to ongoing legislative processes. Once live, it could streamline payments across the EU, much like a digital cash alternative, potentially boosting commerce while competing with private stablecoins.
Why is the EU focusing on stablecoins now?
The surge in US dollar stablecoins after 2025 regulations has highlighted the need for competition. EU leaders see euro stablecoins as a way to maintain financial independence, prevent liquidity drains, and align with geostrategic goals, supported by rising global adoption trends.
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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

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