Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), stated at a Eurogroup press conference that President Trump's support for digital assets policy may affect European monetary sovereignty and financial stability. Gramegna warned, "The US government's supportive attitude towards cryptocurrencies, especially stablecoins denominated in US dollars, may raise some concerns in Europe. This may rekindle plans by foreign and US tech giants to launch large-scale payment solutions based on USD stablecoins. If these plans succeed, they will impact the currency sovereignty and financial stability of the euro area."
