PANews reported on June 1st, citing Bloomberg, that European Central Bank (ECB) Executive Board member Isabel Schnabel stated that stablecoins pose multiple risks to financial stability and monetary policy, and the ECB's best response is to ensure that public money continues to serve as the anchor of the system. She pointed out that while private monetary innovations such as stablecoins can bring "significant benefits," they could also increase the risk of bank runs, weaken the transmission effect of interest rate decisions, and solidify the international dominance of the US dollar. Schnabel emphasized that the ECB's strategy relies on a digital euro as a retail central bank digital currency (CBDC) and tokenized central bank money as a wholesale CBDC. She stated that many of the advantages of stablecoins stem from their underlying technology, rather than the characteristics of the instrument itself. Schnabel's remarks came a day after Federal Reserve Governor Waller stated that the global spread of stablecoins could expand the influence of US central bank policy and questioned CBDCs, calling them "stupid things."