🌍💥 The Trump administration's push for digital assets is making waves globally, influencing policies like the European Union's exploration of a digital euro! 🇪🇺💶 Under the executive order "Strengthening American Leadership in Digital Financial Technology," the U.S. aims to promote dollar-backed stablecoins worldwide, raising concerns at the European Central Bank (ECB). ECB board member Piero Cipollone warned that this could undermine traditional banking by promoting bankless solutions. 🏦❌ He emphasized the need for a digital euro to counter the global influence of the U.S. dollar, stating, "This solution further disintermediates banks as they lose fees and clients." While dollar-pegged stablecoins operate outside traditional finance, the digital euro is designed to work in tandem with banks, allowing limited euro deposits in digital wallets for transactions. Trump's executive order also firmly rejects the idea of a central bank digital currency (CBDC), citing concerns over financial stability, individual privacy, and U.S. sovereignty. With the stablecoin market hitting a record cap of 213 billion, led by Tether's USDT, the landscape of digital assets is rapidly evolving! 🚀💰 What are your thoughts on the future of digital currencies in the U.S. and Europe? Let us know!