In a time of rapid evolution and growing attention on stablecoins, EDPIA has developed initial recommendations to ensure Europe fully benefits from the opportunities these innovations bring while safeguarding resilience, competition and strategic autonomy:
Stablecoins should be part of a broader EU vision for the future of payments – with Euro‑denominated stablecoins as a pillar of European sovereignty, reducing reliance on non‑EU infrastructures and mirroring the robustness of electronic money to earn the trust of EU merchants and consumers.
Euro-denominated stablecoins must align with practical retail realities – consumers and merchants will need seamless access, acceptance, and settlement mechanisms integrating stablecoins into daily payment experiences.
Regulatory clarity as an enabler of innovation – A coherent interplay between the payments (PSD3/R), anti-money laundering (AML), and crypto (MiCA) rules is essential to unlock stablecoin-based payment acceptance and processing.
Fostering euro-denominated stablecoins for competitiveness – Europe must actively support the uptake of homegrown euro stablecoins initiatives to ensure a diverse and competitive payment ecosystem aligned with its strategic priorities.
Coexistence with the Digital Euro – A balanced framework where both public and private digital currencies complement one another will strengthen Europe’s position globally.
Further details are available in our paper below.