DRW’s Wilson: regulatory confusion hinders euro stablecoins
Conflicting interpretations of EU rules will divert more capital to USD coins and away from euro assets, says Don Wilson
Conflicting interpretations of European digital assets legislation are hindering the development of euro-denominated stablecoins, according to Don Wilson, chief executive of DRW Holdings.
As a result, Wilson said European capital will continue flowing into US dollar stablecoins, which typically invest in US Treasuries, and away from European government bonds.
“European [regulators] have expressed some concerns about the potential for greater dollarisation in Europe because the US is embracing
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