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Wire · operational-macro

Automatic stabilisers for multi-country issuance stablecoins

Published

7 September 2026

Topic

operational-macro

Sectors

Fintech

Geography

Europe

Source

Read at cepr.org

Verified

Fusion42 · 7 September 2026 · Fusion42 review

Multi-country issuance (MCI) stablecoins raise systemic risks due to differing regulatory regimes in the US and EU, creating redemption arbitrage that favors EU-issued tokens. Current EU proposals, including redemption restrictions and liquidity buffers, do not fully address these arbitrage risks, calling for aligned exit rules between jurisdictions to prevent concentration of redemption pressure in the EU.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ The Wire takeaway

You face a growing risk as US and EU stablecoin rules diverge, pushing redemption demand onto EU issuers and creating potential liquidity crises. Aligning your compliance to anticipate jurisdictional exit harmonisation can protect your platform from a sudden EU-centric run.

Coverage

1 source · 7 Sep 2026

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Topics

Fintechstablecoinsregulationeuropeusredemption-arbitragemicar