ECB board member Isabel Schnabel warned that stablecoins could create financial stability risks as the sector approaches a $300 billion market value.Schnabel said dollar-backed stablecoins could strengthen the U.S. dollar’s global position, while euro-denominated stablecoins remain a small part of the market.The ECB continues to back a digital euro project, with a pilot expected in 2027 and potential issuance readiness targeted for 2029.