Riksbank Report Highlights Convergence in U.S. and EU Stablecoin Policies

According to PANews, the Swedish central bank, Riksbank, has released a research report indicating a gradual convergence in stablecoin policies between the United States and the European Union, despite differing regulatory frameworks. The report focuses on three key policy dimensions: the access of stablecoin issuers to settlement systems, the use of central bank reserves as collateral assets, and the provision of liquidity support. Currently, both the U.S. and EU legally permit the use of central bank reserves, but practical limitations remain in place. The European Central Bank has allowed certain non-bank payment institutions to hold central bank account balances for transaction flows, yet has not extended this allowance to stablecoin backing purposes.