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🚨📣: The European Union is preparing to allow stablecoins issued outside the bloc to flow into the continent, despite protests from the European Central Bank.

- The European Commission is preparing to issue guidelines stating that stablecoins issued in other global jurisdictions should be considered interchangeable with similarly branded versions designed specifically for European markets.

- Moody's believes this development is due to pressure exerted by the recent passage of stablecoin legislation in the United States, which may lead to the EU's desire not to be left behind in adopting regulatory frameworks for digital currencies and creating a fully integrated global digital currency economy.