Swedish central bank releases stablecoin policy research report, noting that US and European regulatory approaches are gradually converging

ChainCatcher News, the Swedish central bank (Riksbank) has released a research report indicating that despite differences in regulatory frameworks, the US and Europe are gradually converging in their stablecoin policies.

The report focuses on three major central bank policy dimensions: whether stablecoin issuers are allowed access to settlement systems, whether central bank reserves can be used as collateral assets, and whether liquidity support can be obtained. Although both the US and Europe legally permit the use of central bank reserves, there are still operational restrictions. The European Central Bank has allowed some non-bank payment institutions to hold central bank account balances for transaction flows, but has not opened up the use of these balances for stablecoin backing purposes.