ECB calls for tougher stablecoin safeguards in Europe
European central bankers are raising concerns over token rewards and foreign-currency stablecoins.
Central bank position
In September 2026 the European System of Central Banks called for wider constraints on interest payments on stablecoins and new measures related to foreign-currency-pegged tokens.
Monetary concerns
Officials are concerned about financial stability and the role of euro-denominated money as stablecoins become more widely used in payments and crypto markets.
Proposal versus rule
The recommendations form part of the policy debate. Readers should distinguish proposed changes from MiCA provisions already in force.
Original reporting / source
Independent summary of public reporting and official materials. Read the underlying source ↗
Independent summary of public reporting and official materials. Read the underlying source ↗
Information reflects publicly available material as of 28 October 2026. It is not legal or financial advice.