EU and New York Regulators Sign Deal to Share Stablecoin Data

• EBA and NYDFS signed an MoU to share stablecoin data and coordinate cross-border supervision.
• Regulators must notify each other promptly during cyberattacks and financial emergencies.
• Quarterly sharing covers reserve composition holder numbers and stablecoin circulation volume.

The European Banking Authority (EBA) and the New York State Department of Financial Services (NYDFS) have signed a formal cooperation agreement covering stablecoins that operate in both jurisdictions. 

The deal was signed on June 2 and creates a structured framework for the two regulators to share information, coordinate supervision, and respond together when problems arise.

In simple terms, if a stablecoin company is regulated in both Europe and New York, these two authorities will now talk to each other regularly rather than operating independently.

Why This Matters

Stablecoins do…

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