The Digital Euro Association claims that stablecoins offer several machine-payment use cases in the absence of a euro CBDC and those automated micropayments are a means for Europe to maintain its digital competitiveness. Since that many of the characteristics of stablecoin technology are more widely applicable outside of Europe, M2M payments provide Europe a chance to benefit from them more. But, before stablecoins’ promise can be fulfilled, regulators must address a machine identity framework, stablecoin interoperability standards, guidelines for unhosted wallets, and other challenges.
Stablecoins have plentiful machine-payment use cases in absence of euro CBDC: Report
