PANews reported on December 2nd that the Swedish central bank (Riksbank) released a research report indicating that despite different regulatory frameworks, the US and Europe are gradually showing substantial convergence in their stablecoin policies. The report focuses on analyzing three key central bank policy dimensions: whether stablecoin issuers are allowed access to settlement systems, whether central bank reserves can be used as collateral, and whether liquidity support can be obtained. While the US and Europe legally allow the use of central bank reserves, practical restrictions remain. The ECB has allowed some non-bank payment institutions to hold central bank account balances for transaction flows, but has not liberalized the use of stablecoins as backing.PANews reported on December 2nd that the Swedish central bank (Riksbank) released a research report indicating that despite different regulatory frameworks, the US and Europe are gradually showing substantial convergence in their stablecoin policies. The report focuses on analyzing three key central bank policy dimensions: whether stablecoin issuers are allowed access to settlement systems, whether central bank reserves can be used as collateral, and whether liquidity support can be obtained. While the US and Europe legally allow the use of central bank reserves, practical restrictions remain. The ECB has allowed some non-bank payment institutions to hold central bank account balances for transaction flows, but has not liberalized the use of stablecoins as backing.