European Commission to ease rules on foreign stablecoins despite ECB opposition

Description

The European Commission is set to ease restrictions on U.S. dollar-backed stablecoins like USDC and USDT, despite ECB concerns over monetary sovereignty.

Authors

Assad Jafri

Publish date

June 25, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/european-commission-to-ease-rules-on-foreign-stablecoins-despite-ecb-opposition

Referenced by

The shift comes despite repeated warnings from the European Central Bank, which has cautioned that unrestricted access to foreign stablecoins could undermine financial stability.

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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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ECB President Christine Lagarde previously urged policymakers to tighten restrictions on stablecoin issuers, citing the risk of capital flight and reduced monetary sovereignty.

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