EU To Finalize Stablecoin Regulations By Year-End

According to Odaily, a spokesperson for the European Banking Authority (EBA) has indicated that standards governing how stablecoin issuers like Tether and Circle operate within the European Union (EU) are likely to be finalized by the end of the year. These standards are part of 15 technical standards submitted by the EBA to the European Commission, developed in collaboration with the European Securities and Markets Authority (ESMA). The Commission is currently reviewing these standards and will decide whether to adopt the text as is or request modifications. The standards address issues such as authorization, stress testing, and methods for estimating transaction volume and value.