Ah, dear reader, gather ’round for a dash of financial drama worthy of a Noël Coward soirée. Olaf Sleijpen, our charming Dutch central bank governor-who clearly has a flair for the theatrical-has taken to the stage to deliver a sobering warning. Apparently, those sprightly little U.S. dollar stablecoins, now cheekily worth over $300 billion after a rather exuberant 48% rise this year, have caught his discerning eye. And, heavens, he’s concerned they might be the uninvited guests at Europe’s economy tea party. ☕️
His somewhat pointed remark? Should everyone suddenly decide to rush to redeem stablecoins backed by U.S. Treasuries-as if they’re launching a new fad-things could get racy fast. We’re talking quick sell-offs, a rush hour of financial panic, and a 19th-century melodrama unfolding in modern finance. All in all, not exactly the sort of fête you’d want to host, unless you’re keen on chaos and confusion. 🎭
Sleijpen, with a dash of that dry wit, hints that such a tempest might compel the ECB to tweak its interest rate policies-imagine adjusting the dial in the middle of a ballroom bungle-probably to keep inflation from roaring out of control and to preserve the fragile tranquility of our global waltz. 🕺💃
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2025-11-17 10:22