The Swedish central bank released a research report on stablecoin policies, indicating that regulatory paths in the US and Europe are gradually converging.

Mars Finance reports that the Swedish central bank (Riksbank) has released a research report indicating that despite differing regulatory frameworks, the US and Europe are gradually showing substantial convergence in their stablecoin policies. The report focuses on three key central bank policy dimensions: whether stablecoin issuers are allowed access to settlement systems, whether central bank reserves can be used as collateral, and whether liquidity support can be obtained. While the US and Europe legally allow the use of central bank reserves, practical restrictions remain. The European Central Bank has allowed some non-bank payment institutions to hold central bank account balances for transaction flows, but has not liberalized the use of stablecoins as backing.