The European Commission is preparing to unveil new regulations targeting the stablecoin sector in the coming days, according to a report published Wednesday by the Financial Times.
Citing individuals familiar with the matter, the report states that the EU’s executive body will propose formal guidelines treating stablecoins issued outside the European Union as equivalent to their EU-approved counterparts—provided they carry the same branding.
Despite caution from the European Central Bank, which has warned that such measures could pose risks to financial stability during times of market stress, the Commission intends to proceed with its plans, the Financial Times said.
The official release of the guidance is expected imminently, according to one unnamed source cited in the report.
These upcoming regulations are poised to significantly affect the rapidly expanding stablecoin industry, which has become a key component of the broader cryptocurrency landscape.
