Lagarde Questions the Necessity of Euro-Pegged Stablecoins
- Stablecoin Market Risks: Lagarde highlighted that the stablecoin market surged from $10 billion to $310 billion in six years, predominantly in dollar-backed coins, posing potential threats to European financial stability and emphasizing the need to address vulnerabilities in the financial system.
- Central Bank Digital Currency Advocacy: She argued that Europe should prioritize building a tokenized payment system backed by central bank reserves rather than relying on private stablecoins, to ensure financial sovereignty and stability while avoiding excessive dependence on the US dollar.
- Qivalis Consortium Initiative: The Qivalis consortium, comprising 12 leading European banks like ING and BNP Paribas, has initiated a euro-based stablecoin project aimed at countering risks associated with the lack of liquid euro alternatives in digital transactions, thereby safeguarding Europe's financial sovereignty.
- Digital Euro Plans: Lagarde reiterated the importance of accelerating the creation of a digital euro infrastructure, with plans for deployment in 2029 and trials starting in 2027, stressing that failure to advance could lead to a loss of monetary sovereignty for Europe.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0253 | 0.0292 | 0.0318 | 0.0357 | 0.0383 | 0.0422 | 0.0448 |
| Fibonacci | 0.0292 | 0.0317 | 0.0332 | 0.0357 | 0.0382 | 0.0397 | 0.0422 |
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