News Explorer — Urgent Policy Action Needed to Address Stablecoin Vulnerabilities: EU Risk Watchdog

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Oct 3, 4:16 pm

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Urgent Policy Action Needed to Address Stablecoin Vulnerabilities: EU Risk Watchdog

The European Systemic Risk Board (ESRB) has warned of vulnerabilities in stablecoins issued across the EU and other jurisdictions, urging urgent policy action to prevent potential systemic shocks. Stablecoins, valued at over $300 billion, are predominantly dollar-based, with Tether's USDT holding over 58.53% market dominance.

The European Systemic Risk Board (ESRB) has warned of vulnerabilities in stablecoins issued across the EU and other jurisdictions, urging urgent policy action to prevent potential systemic shocks. Stablecoins, valued at over $300 billion, are predominantly dollar-based, with Tether's USDT holding over 58.53% market dominance.

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