European Central Bank President Lagarde: EU should fill loopholes in stablecoin regulation

According to Foresight News, European Central Bank President Lagarde said that EU lawmakers should require foreign stablecoin issuers to adopt "safeguard measures" and "strong equivalent regulatory regime" to prevent the risk of reserve runs in the EU. "European legislation should ensure that such programs cannot operate within the EU unless supported by a strong reciprocal system in other jurisdictions, as well as safeguards related to the transfer of assets between EU and non-EU entities," she said at a regulatory meeting.


"This also highlights why international cooperation is indispensable. Without a fair global regulatory environment, risks will always look for the weakest links," she added.

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