Trade wars escalating, US economic policy swinging like a pendulum, geopolitical flashpoints erupting everywhere—how much stress can the euro area's financial system actually take?

And that's just the macro chaos. Throw in the AI hype cycle possibly heading for a reckoning, plus stablecoins quietly eating into traditional payment rails. These aren't isolated events. They're converging forces that could reshape European financial stability in ways most people aren't paying attention to yet.

The question isn't whether these factors matter. It's how they interact. Does stablecoin adoption act as a buffer or amplifier when traditional markets wobble? Can eurozone institutions handle simultaneous shocks from tech valuations cratering and cross-border payment systems fragmenting?

Financial stability isn't just a central bank concern anymore—it's becoming a crypto-native question too.