New York and Europe’s finance watchdogs team up to police stablecoins
New York and the European Union's financial regulators have established a partnership to oversee stablecoin activities. This collaboration aims to enhance supervision and share critical information regarding stablecoins, including their issuance and market trends. The agreement is part of the EU's Markets in Crypto-Assets Regulation and will focus on cross-border stablecoin operations.
- ▪The European Banking Authority and the New York State Department of Financial Services signed a memorandum of understanding to police stablecoin activities.
- ▪The deal will facilitate the exchange of information on issued stablecoins, total volume, and the number of holders.
- ▪Only supervised entities' stablecoin-related activities will be monitored under this agreement.
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Written by Stephen Katte , Staff Writer.Reviewed by Jesse Coghlan , Staff Editor.Written by Stephen Katte , Staff Writer.Reviewed by Jesse Coghlan , Staff Editor.New York and EU’s finance watchdogs team up to police stablecoinsLatest NewsPublishedJun 3, 2026Some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoin, total volume in circulation and the number of holders.The European Banking Authority and the New York State Department of Financial Services (NYDFS) have signed a memorandum of understanding to police cross-border stablecoin activities.
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