What impact will stablecoins have on the financial system, and what does their growing adoption imply for the development of the digital euro? On 11 June 2026, the Leibniz Institute SAFE and Stockholm University hosted a policy panel titled “Stablecoins and Europe’s Monetary Sovereignty” at Goethe University as part of the 8th FutFin.Info Conference.
Stablecoins are not only a technological innovation in digital payments but also represent a new class of money-like financial instruments. As such, they may have significant implications for sovereign debt markets, traditional bank intermediation, financial stability, and the transmission of monetary policy. At a time when jurisdictions worldwide are developing regulatory frameworks for digital assets and central banks are advancing work on digital currencies, the rapid rise of stablecoins is raising important economic and policy questions.
Panelists
The panel brought together experts from academia, central banking, financial regulation, and the private sector to discuss the opportunities and challenges associated with the growing adoption of stablecoins. The discussion featured Tobias Berg (SAFE and Goethe University Frankfurt), Angela Maddaloni (European Central Bank), Olli Castrén (European Banking Authority), Bernardo C. Barradas (J.P. Morgan SE), and Matthew Osborne (Ripple). The session was moderated by Tatiana Farina (SAFE) and Michał Dzieliński (FutFinInfo and Stockholm University).
The policy panel formed part of the 8th Future of Financial Information Conference and was preceded by a keynote address from Luc Laeven, Research Director of the European Central Bank, entitled “Central Bank Digital Currencies, Private Credit, and Information.”
