Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards

Europe May Struggle to Contain Crypto-Bank Risks, UniCredit Official Says

GateNews
Regulation & PolicyExchange RiskStocksGeopolitics
According to Elena Carletti, UniCredit's deputy vice chair and head of the bank board's risk committee, Europe may struggle to contain risks from links between stablecoins and banks in the same way U.S. authorities limited damage during the 2023 Silicon Valley Bank crisis. Speaking at a banking conference organized by Madrid's IESE business school, Carletti noted that the U.S. invoked a systemic risk exception guaranteeing all deposits at failed banks, including those held by crypto firms, which helped stabilize stablecoins. However, "The same decision cannot be easily taken in Europe," she said. Under the EU's MiCA regulation, stablecoin issuers must hold reserves in bank deposits, placing them closer to the banking system. Carletti warned that this arrangement creates "a double form of weakness"—forcing crypto providers into banking ties without comparable crisis protection if a bank holding stablecoin reserves comes under pressure.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

5h ago
Bank of Canada Reports Financial System Resilient but Vulnerabilities Rising on May 28
5h ago
Bank of Canada Flags Increased Risks from Forced Hedge Fund Liquidations Since Last Year
12h ago
ECB President Lagarde Warns Global Central Bank Independence Eroding; Nearly 50% Show Deteriorated De Facto Independence
05-27 16:03
JP Morgan Chase May Issue Stablecoin in Future, CEO Dimon Says
05-27 08:24
ECB Warns Investors Underestimate War, Inflation Risks; Assets Remain Overvalued on May 27
In-Depth Analysis

DAXA Announces API Key Lending Prevention Standard to Block Market Manipulation

Ethan Brooks13h ago

Bitcoin Risk Index Hits 33 as ETF Outflows Accelerate

Lucas Bennett05-26 15:27

Meltem Demirors Says Banks Won as Bitcoin ETFs Pull Crypto Into Wall Street’s Orbit

Coinpedia05-26 05:34
Comment
0/400
No comments