ECB President hopes to pave the way for stablecoin adoption

The newly-appointed ECB President Christine Lagarde said during her first press conference, held on Thursday that the European Central Bank (ECB) will do whatever it can be at the top of its game in stablecoin growth and adoption. Referring to matured interests in the space, especially shown by countries like Canada, that launched its dollar-pegged stablecoin CUSD last month, the London Block Exchange that rolled out its first-ever GBP-backed stablecoin in September given the instability in sterling pound price amid Brexit uncertainty, and China, an anti-crypto country that is willing to promote use of blockchain and Bitcoin only to pave