The European Union is preparing to relax its stance on foreign-issued stablecoins, potentially allowing U.S. dollar-backed tokens like USDC and USDT to circulate freely within the bloc, the Financial Times reported on June 25.
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European Commission to ease rules on foreign stablecoins despite ECB opposition
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The European Commission’s consideration of easing rules on foreign-issued stablecoins could allow U.S. dollar-backed tokens like USDC and USDT to circulate freely within its market.
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