🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
The European Union will relax regulations on dollar-backed stablecoins such as USDT and USDC.
According to the Gate News bot, the Financial Times reports that the EU is preparing to relax its stance on foreign-issued stablecoins, paving the way for USD-backed tokens like USDC and USDT to circulate more freely within the EU. The European Commission is expected to issue formal guidance allowing stablecoins issued outside the EU to be treated equally with those registered within the EU.
This move will mark a significant shift in the classification and regulatory policies of digital assets outside the EU. Until now, EU regulations have posed a barrier to the adoption of USD-pegged stablecoins in the European financial markets. The upcoming guidelines will eliminate this barrier and may expand the role of US stablecoins in European cryptocurrency trading, DeFi, and cross-border payments.
The decision is seen as a strategic move aimed at enhancing the liquidity of digital assets in the EU without compromising regulatory standards. If confirmed, as stablecoins continue to be promoted in the EU region, this decision may help stablecoins integrate more comprehensively into the MiCA (Markets in Crypto-Assets) framework.