stable coins
By Dan Saada
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What the Data Actually Covers. Breaking it down: the issuance data tells regulators which stablecoins are being created and by…
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Cross-Border Precedent in the Making. What makes this arrangement worth watching isn't just the data itself. It's the model.
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Compliance and What Comes Next. Once the data does start moving, the focus shifts to enforcement. Having the numbers is one thing.
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New York financial regulators are teaming up with their European counterparts. The goal is blunt: share real data on stablecoins before the risks pile up faster than anyone can…
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The two sides are swapping information on three specific things — the stablecoins being issued, the total volume in circulation, and the number of holders.
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The details of what exactly gets shared, how often, and in what format are still being worked out. No final sign-off yet from the relevant financial authorities on either side.
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That's the scenario both New York and EU regulators seem most worried about. Stablecoin adoption has grown sharply across global markets, and the assets now touch everything from…
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The data sharing is designed to build a fuller picture than either side could get on its own. New York sees one slice of the market. Brussels and Frankfurt see another.
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Still, the framework for analyzing all this data hasn't been finalized. That's not a minor detail. Raw numbers without agreed-upon methodology don't tell you much.
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Related: MoneyGram Launches MGUSD Stablecoin With Stripes Bridge on Stellar
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What makes this arrangement worth watching isn't just the data itself. It's the model. Cross-border regulatory cooperation on digital assets has been talked about for years but…
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Other regions are watching. If the framework works, it's not hard to imagine similar arrangements being floated between other major financial centers.
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But it's worth being clear about where things stand. The collaboration is early. The procedural steps aren't done.
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No one's putting a timeline on full implementation. Unclear when exactly the data starts flowing in any formal, binding way.
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Read also: Virtu Financials MiCA License Opens 27-Country EU Crypto Market
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