Is the ‘stable’ in stablecoins a guarantee of value, or just a promise?

Apostolos Thomadakis, head of research at the European Capital Markets Institute (ECMI) and head of the financial markets and institutions unit at the Centre for European Policy Studies (CEPS), delves into the current stablecoin landscape, exploring how the digital tokens are being adopted in financial markets, the impact of geopolitics, and how the EU, in particular, can use stablecoins as a meaningful complement to its markets.