BitcoinWorldEU Tightens Stablecoin Rules to Curb U
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary BitcoinWorldEU Tightens Stablecoin Rules to Curb US Influence in Digital Payments, Report Says
European policymakers are moving to counter what they see as a channel for U.S. influence to expand into next-generation payment infrastructure: dollar-based stablecoins, Bloomberg reported. According to the report, the EU is applying strict regulations to the issuance and use of stablecoins to curb related risks. In parallel, some European banks are preparing to issue euro-denominated stablecoins to accelerate the creation of a competing payment network.
Geopolitical Motivations Behind the Regulatory Push
This initiative is linked to Europe’s wariness of its reliance on U.S. firms like Visa and Mastercard for its payment infrastructure. The European Central Bank (ECB) has been exploring a digital euro since 2020 to enhance payment independence, but progress has been slow, with a launch not anticipated until after 2029. The report added that concerns over U.S. control of financial infrastructure being used as a geopolitical tool have grown for years, particularly after Visa and Mastercard suspended services in Russia following its 2022 invasion of Ukraine.
The EU’s Markets in Crypto-Assets (MiCA) framework, which came into full effect in 2024, already imposes strict requirements on stablecoin issuers, including reserve requirements and transaction limits. The new measures appear to go further, specifically targeting dollar-pegged stablecoins as a potential vector for extraterritorial U.S. influence.
Banks Prepare Euro-Denominated Stablecoins
Several European banks are reportedly preparing to issue stablecoins pegged to the euro, aiming to create an alternative payment network that reduces dependence on U.S.-dominated systems. These initiatives align with the ECB’s broader push for a digital euro, though the central bank’s project remains in the invest
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