Uncertainty Over Policy as Dollar-Pegged Stablecoins Dominate

[chainsniff]

It remains unclear whether EU lawmakers will adopt the ESRB’s proposed ban. Many of the world’s largest stablecoins, including Tether (USDT), are pegged to the U.S. dollar rather than the euro, complicating regulation inside the bloc.

The debate underscores a broader tension in Europe over how to supervise non-EU crypto assets while maintaining financial stability.

[Abdul Khan]

Europe’s stablecoin debate shows the challenge of regulating dollar-pegged assets inside the EU.

[Rimon Khan]

The ESRB’s proposed ban highlights tensions between stability concerns and market realities.

[Abdul Khan]

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