<ul data-eligibleForWebStory="true"><li>The European Commission plans to allow foreign stablecoins to operate under the same terms as EU-registered ones, potentially boosting dollar-backed tokens' circulation in Europe.</li><li>The European Central Bank, led by Christine Lagarde, opposes this move, citing concerns about risks such as capital outflows and weakened monetary control.</li><li>Current regulations require stablecoin issuers in the EU to meet specific criteria; upcoming changes may relax these rules, favoring U.S. dollar stablecoins and promoting market flexibility.</li><li>The potential approval of U.S. stablecoins in the EU represents a shift towards embracing payment innovation, despite the ECB's worries about the stability of the euro.</li></ul>

EU May Approve US Stablecoins Despite ECB Concerns

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