The European Union is using the crash of TerraUSD (UST), a stablecoin that had the highest market capitalization, to promote its Central Bank Digital Currency (CBDC).
Related: World Government Summit speculates on "digital money" for full centralized control
Speaking at an event at the National College of Ireland, executive board member of the European Central Bank (ECB) Fabio Panetta said the ECB’s CBDC testing phase will begin in 2023, with the full rollout planned for 2026. Member countries will be allowed to test the Digital Euro for three years before it can be publicly used.
https://video.reclaimthenet.org/articles/eu-cb-nci.mp4
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