ECB President Lagarde Calls For Firm Safeguards on Foreign Stablecoins

EU Should Seek Safeguards From Foreign Stablecoins, ECB Says

ECB President Lagarde Calls For Firm Safeguards on Foreign Stablecoins

European Central Bank (ECB) President Christine Lagarde urged European Union (EU) lawmakers to impose stringent requirements and safeguards on foreign stablecoins.Lagarde argued they should comply with the bloc’s regulatory standards before operating on EU soil, she said in a speech at a European Systemic Risk Board (ESRB) conference in Frankfurt on Wednesday.The ECB president cautioned that during a stablecoin run, investors would be more likel…

ECB's Lagarde says EU should close loopholes in stablecoin regulation

FRANKFURT (Reuters) -European Union legislators should demand safeguards and robust equivalence regimes from foreign issuers of stablecoins to prevent the risk of runs on reserves held in the EU, European Central Bank President Christine Lagarde said on Wednesday.

ECB President Calls for Stronger Regulation of Non-EU Stablecoins - Blockonomi

TLDR Christine Lagarde calls for stronger regulation of non-EU stablecoins. ECB urges policymakers to address gaps in stablecoin oversight. Lagarde emphasizes the need for robust equivalence regimes for stablecoin issuers. EU investors should be able to redeem stablecoins at par value. The US stablecoin regulations could impact the euro and EU financial stability. Christine Lagarde, President of the European Central Bank (ECB), has called for u…

ECB president calls to address risks from non-EU stablecoins

European Central Bank President Christine Lagarde highlighted some of her concerns around foreign-issued stablecoins and urged for safeguards from EU lawmakers.