The president of the Dutch central bank stated that a run on stablecoins could force the European Central Bank to reconsider its interest rate policy

According to the Financial Times, the new president of the Dutch central bank and European Central Bank decision-maker Olaf Sleijpen stated that if the scale of stablecoins linked to dollar assets continues to surge and experiences a run, it could impact financial stability, the economy, and inflation in Europe, forcing the European Central Bank (ECB) to reassess its monetary policy direction.