ECB pushes back on Bruegel plan to loosen euro stablecoin rules and access ECB funding
Lagarde warned ECOFIN that larger euro stablecoins could destabilize deposits and weaken monetary policy transmission.
Ethereum Classic (ETC) is currently trading at $8.84, with a market capitalization of $1.38 billion, ranking #58 among all cryptocurrencies. Over the past 24 hours, Ethereum Classic is down 2.97%, trading between a low of $8.73 and a high of $9.46, with $52.78 million in trading volume. Ethereum Classic's all-time high was $167.09, reached on May 6, 2021. Its all-time low was $0.615038 on July 25, 2016. Looking at broader trends, ETC has declined 1.71% over the past 7 days and is up 4.71% over the past 30 days. There are currently 156.56 million ETC in circulation out of a maximum supply of 210.70 million.
Lagarde warned ECOFIN that larger euro stablecoins could destabilize deposits and weaken monetary policy transmission.
The cash-settled, European-style contracts are approved for Phlx, yet cannot trade without CFTC exemptive relief.
Comer alleged 80+ Iran-linked “suspiciously timed” trades and cited a May 13 report on geopolitics and election contracts.
Traders now focus on the $2.60–$3 resistance band that must break to keep a $5.75 wedge target in play.
The contracts will settle against ICE’s Brent and WTI benchmark prices and mark the first product from the firms’ March partnership.
The platform has appointed Mike Eidlin to lead local efforts while Japan remains on its restricted-jurisdiction list.