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ECB Says Stablecoin Rules Must be Implemented ‘With Urgency’

  • Says financial risks from stablecoins ‘limited’ for now
  • FSB also called for more stablecoin regulation on Monday

Stablecoins must “urgently” be brought under increased regulatory oversight before they can become a risk to financial stability, according to the European Central Bank. 

“Financial stability risks from stablecoins are currently still limited in the euro area, but if growth trends continue at their current pace, this may change in the future,” the ECB said in a macroprudential bulletin published Monday.