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ESMA Warns Crypto’s Expanding Financial Links Could Magnify Europe’s Next Market Shock
Key Takeaways:

Nearly €2 trillion of market value has been stripped from crypto losses since their October highs per ESMA.The convergence of crypto and traditional finance could lead to more market contagion.On-chain risks are increasing and tokenization and DeFi are… Read full article
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163-Year-Old US Bank Just Moved Its Own Stablecoin Across Europe
The fifth-largest commercial bank in the United States, U.S. Bank, announced this week that the Minneapolis lender completed a transaction using a stablecoin it issued itself on the public Stellar blockchain. U.S. Bank Takes Its Own Stablecoin Onto a Public… Read full article
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37 European Banks Bring Euro Stablecoin to Ethereum in $300B Market Shake-Up
Key Takeaways:

The group of 37 European banks, known as Qivalis, is creating a euro-denominated stablecoin on Ethereum.The deliberate proposal is to coin this token in euros and to make it subject to the EU regulatory regime known as MiCA.With… Read full article
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