Global HighlightsPolicy & Regulation
EU Tightens Stablecoin Compliance Checks Ahead of Full Enforcement
By Global Desk1 min read
European supervisors have tightened reporting obligations on stablecoin issuers, moving reserve attestation from a quarterly to a monthly cadence and requiring disclosure of custodial concentration.
The concentration requirement is the more consequential of the two. Several large issuers hold reserves with a small number of institutions, a dependency that has not previously been visible.
Issuers have argued that monthly attestation imposes cost without materially improving assurance. Supervisors have countered that the previous cadence left too long a window.
