Sveriges Riksbank Report Analyzes Stablecoin Benefits, Risks, and Policy Convergence

Based on AiCoin, Sveriges Riksbank has released a report analyzing the benefits and risks of stablecoins and examining global central bank policies toward stablecoin issuers. The report highlights that despite differing regulatory frameworks, the U.S. and Europe have shown policy convergence. The Riksbank identified three key policy areas: whether issuers can access central bank settlement systems, use central bank reserves as collateral, and obtain liquidity support. While the U.S. and Europe have legal frameworks allowing the use of central bank reserves, restrictive measures are in place. MiCA permits stablecoin reserves to include central bank money, but institutions like the ECB and Riksbank reject using central bank reserves as collateral. New rules allow non-bank payment providers to use central bank accounts for payments, with only transaction flow balances retained.