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Simon Taylor, co-founder at 11:FS, reports that the European Central Bank (ECB) has rejected proposals aimed at making it easier for euro stablecoin issuers to operate.
According to Taylor, Bruegel, a leading Brussels-based think tank, prepared a paper for European Union finance ministers that suggested easing liquidity requirements for euro stablecoin issuers and even considered possible ECB access. However, the ECB deemed the measures too risky and decided against supporting the proposals.
Taylor has previously questioned assumptions about stablecoin efficiency, noting in a recent article that lower fees do not necessarily make stablecoins superior. He has also tracked fintech industry developments, summarizing five years of data from 869 companies. These earlier insights inform his ongoing analysis of regulatory and innovation trends in the sector.