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Standards for stablecoin issuers in the EU will be approved by the end of 2024

The 15 standards for stablecoin issuers will be published in the EU Official Journal by the end of 2024, which means they will be de facto adopted.

The requirements cover such aspects of operations as the authorization of stablecoins, stress testing, and methods for estimating the number and value of transactions.

This regulatory development will bring more clarity and oversight to the stablecoin market in the EU, ensuring stronger consumer protection and financial stability. It is crucial for issuers to adhere to these standards to build trust and legitimacy in the growing digital currencies ecosystem.