ECB Chief Calls for Stricter Rules for Non-EU Stablecoin Issuers

Christine Lagarde, President of the European Central Bank (ECB), emphasized that stablecoin issuers outside the EU should be held to the same stringent regulations as those within the bloc. In a conference on Wednesday, she warned against looser rules in other regions, citing potential risks such as financial instability during market crises when investors might rush to redeem their holdings and face limited protection.