Ondo wins Liechtenstein approval to offer tokenized stocks in Europe

The European Central Bank (ECB) is closely monitoring the rise of dollar tokens, which are digital currencies pegged to the US dollar. This surge has raised concerns about potential volatility and its spillover effects on the Eurozone's financial stability. The ECB's heightened focus reflects its commitment to ensuring that the increasing use of these tokens does not disrupt the existing financial ecosystem in Europe. As the popularity of dollar tokens grows, the ECB aims to assess their impact on monetary policy and the broader economy.