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EU Tightens Stablecoin Rules as Banks Prepare Euro Alternatives

2026-06-18 22:10:12

European policymakers are applying stricter stablecoin rules to limit risks from dollar-based stablecoins. Some European banks are preparing euro-denominated stablecoins to build a competing payment network. The ECB has explored a digital euro since 2020, but a launch is not anticipated until after 2029. Concerns grew after Visa and Mastercard suspended services in Russia following its 2022 invasion of Ukraine.

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