歐洲央行（ECB）反對放寬歐元穩定幣監管要求的提案，認為擴大歐元穩定幣發行規模，可能會減少銀行放貸規模，並提升央行調控利率的難度。此前布魯塞爾經濟智庫布魯格爾（Bruegel）建議放寬加密貨幣發行商的流動性要求，甚至允許其取得歐洲央行融資，藉此推動歐洲發展獨立於美元穩定幣主導之外的本土市場。包含歐洲央行總裁克裏斯蒂娜·拉加德（Christine Lagarde）在內的央行官員皆表態反對，擔憂穩定幣發行會造成銀行存款外流、削弱銀行資金來源。布魯格爾則警示，若歐盟監管明顯嚴於美國，可能加劇「數位美元化」現象。

The European Central Bank (ECB) opposes proposals to relax regulatory requirements for euro‑denominated stablecoins. It warns that expanding euro stablecoin issuance may reduce bank lending and make it harder for the central bank to control interest rates. Earlier, Bruegel, an economic think‑tank based in Brussels, proposed easing liquidity requirements for crypto issuers and potentially granting them access to ECB financing, to help Europe develop a domestic market independent of US‑dollar‑backed stablecoins.

Central bank officials including ECB President Christine Lagarde have voiced opposition, fearing stablecoin issuance will trigger bank deposit outflows and weaken banks’ funding sources. Bruegel warns that if EU regulations are significantly stricter than those in the United States, “digital dollarisation” could intensify.