Various tools help to exchange stablecoins without the transaction being monitored and without any obligation to report it to the authorities. This facilitates suspicious activities which, according to some analysts, increasingly involve these digital currencies.

Stablecoins promise the stability that cryptocurrencies have historically lacked. But, in some cases, they’ve failed to deliver transparency on aspects such as corporate and ownership structure and the actual size of reserves. Not to mention warnings on the risks to international financial stability

While the European Commission is pushing for stablecoins, the ECB is putting the brakes on, highlighting the risks to financial stability and the effectiveness of monetary policy and promoting, as an alternative, accelerating the digital euro. According to President Christine Lagarde, this is a fundamental tool for Europe’s financial autonomy in response to Trump’s plans for cryptocurrencies