PANews reported on April 9 that according to Cointelegraph, the European Central Bank is stepping up its warnings against the adoption of stablecoins, and one of its senior officials called for the launch of a digital euro to curb the influence of stablecoins pegged to the US dollar on the European continent. Piero Cipollone, a member of the European Central Bank's Executive Board, wrote another article highlighting concerns about the growing popularity of US dollar stablecoins. He believes that the launch of a central bank digital currency (CBDC) will help maintain the monetary sovereignty of the euro area, and a potential digital euro "will limit the possibility of foreign currency stablecoins becoming a universal medium of exchange within the euro area." These remarks are a continuation of a series of similar public statements by Cipollone. He has been actively advocating the launch of a digital euro as a strategic move to counter the dominance of US dollar stablecoins in Europe.