ECB warns: Large-scale redemptions could trigger bank withdrawals
2026-10-02 05:01:49
CoinMeta data: According to Cointelegraph, stablecoins enable 24/7 settlement, but the European Central Bank warns that large-scale redemptions could trigger bank withdrawals. Stablecoins account for 94% of cryptocurrencies purchased with the Argentine peso, and in the past year, 38 billion Turkish liras have been exchanged for stablecoins. MELD indicates that most enterprises using its services convert the funds back into fiat currency immediately after settlement.
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Source:Cointelegraph
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