EU to Loosen Grip on Dollar-Backed Stablecoins

The European Union is set to ease its regulatory restrictions on stablecoins that are backed by the US dollar, allowing for a more flexible framework that could foster innovation and growth in the cryptocurrency market while ensuring proper consumer protections and financial stability. source: https://voiceofcrypto.online/ampstories/web-stories/eu-to-loosen-grip-on-dollar-backed-stablecoins