Unión bancaria: informe anual 2025

Presentada por Jussi Saramo

20. Acknowledges the specific risks posed by Eliminado: crypto-assets, while also acknowledging the opportunities they offer, such as euro-denominated stablecoins; Añadido: crypto-assets; underlines that crypto-assets function primarily as speculative instruments rather than efficient means of payment; calls for consistent Eliminado: innovation-friendly supervision to ensure that innovation serves the public; calls for the EU … and protect consumers; underlines the importance of global standards in this field; Añadido: underlines the findings of an ECB working paper1a studying the effects of stablecoin adoption; emphasises, in this regard, the potential effects of increased stablecoin usage in the euro area, such as deposit substitution, which erodes banks’ stable funding base and constrains credit supply, and the declining effectiveness of monetary policy; 1a European Central Bank, Working Paper Series, No 3199: Stablecoins and monetary policy transmission, 2026.

Texto tal como lo publica el PE, en inglés. PE783.224v01-00