Summary: The European Central Bank has recommended urgent stablecoin regulation, citing UST’s recent collapse and losses faced by its holders. The ECB also states that algorithmic stablecoins should be treated as unbacked crypto assets due to their risks. The ECB recommends using the recently passed MiCA bill and the Financial Stability Board recommendations as a guide toward global stablecoin regulation. The European Central Bank (ECB) has released a new report discussing the role of stablecoins within the crypto industry and […]
