The European Banking Authority (EBA) has developed new technical standards in accordance with the EU Markets in Crypto-Assets Regulation (MiCA). These standards establish a legal framework for regulating the issuance and circulation of stablecoins.
According to the EBA, companies issuing tokens linked to the value of real assets must now provide detailed information to investors. This information should help investors assess risks, including potential conflicts of interest between issuers and holders of stablecoins.
Key requirements for these companies include justifying the price of stablecoins, disclosing investment objectives, reward schemes, and measures to resolve potential conflicts of interest related to the reserves of underlying assets or their market value.
Previously, the EBA had recommended that Eurozone central banks block transactions using stablecoins if they threaten the country's monetary and credit policy.