Article 51 of the EU Markets in Crypto-Assets regulation specifies that regulatory authorities do not require prior approval of electronic money token white papers before publication.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.