According to @ReutersBiz, the EU risk watchdog has called for urgent safeguards on stablecoins, signaling heightened supervisory focus that is relevant for stablecoin-settled trading and listings on EU-compliant venues. Source: Reuters Business reut.rs/3KBdrX3 Under the EU’s Markets in Crypto-Assets Regulation (MiCA), stablecoin issuers operating in the bloc must be authorized and maintain adequate reserve assets, with rules for asset-referenced tokens and e-money tokens entering into application in 2024. Source: European Commission finance.ec.europa.eu/regulation-and-supervision/financial-services-legislation/markets-crypto-assets-mica_en EU crypto-asset service providers that list or support settlement in stablecoins are obligated to meet MiCA compliance requirements, and the watchdog’s call highlights enforcement priorities that traders should monitor when managing EUR-facing pairs and stablecoin exposures. Source: European Commission finance.ec.europa.eu/regulation-and-supervision/financial-services-legislation/markets-crypto-assets-mica_en; Reuters Business reut.rs/3KBdrX3