Ignoring the European Central Bank's warning, the EU plans to introduce new regulations allowing the circulation of foreign stablecoins

The new regulation proposal will treat stablecoins issued outside the EU as interchangeable with the same brand of stablecoins that are limited to circulation in the EU market, thus enjoying "equal treatment." The European Central Bank is concerned that stablecoins may threaten financial stability and affect the implementation of the digital euro, but the European Commission believes the risks are manageable, emphasizing that even the impact of a bank run would mainly be in the United States