Joint Interpretive Note on USD-Based EMTs in the EU
- Nina Siedler
- Mar 3
- 1 min read
Multijurisdictional issuance of USD-based e-money tokens in the EU has hit a regulatory wall, and the answer is not more prohibitions.
Co-authored withNordic Law and BlackVogel, our Joint Interpretive Note makes the case that supervisory authorities need to distinguish between risk assessment and legal constraint. The current frameworks can support these models. What's missing are shared operational standards that protect consumers without closing the door on a competitive European crypto-asset market.
The note was shared with participants across DARTE sessions and refined through feedback collected from market players, including some of the leading USD stablecoin issuers active in the space today.
The note is part of a broader dialogue we're building within the DARTE network. It is available for download below.
