The Central Bank of Sweden released a report on stablecoins, discussing their benefits and risks.

Golden Finance reports that the Central Bank of Sweden (Sveriges Riksbank) has released a report on stablecoins, exploring their benefits and risks. The report also analyzes how central banks around the world are formulating policies for stablecoin issuers, revealing that despite differing regulatory frameworks, there is a practical convergence in policies between the United States and Europe. The analysis by the Central Bank of Sweden identified three key areas of central bank policy: whether issuers can access the central bank's settlement system, whether they can use central bank reserves as supporting assets, and whether they can obtain the central bank's standing facilities and liquidity support. Regulators in the US and Europe have created legal frameworks that technically allow the use of Central Bank reserves as backing assets, while implementing restrictive measures to limit their use. In Europe, MiCA (Markets in Crypto-Assets Regulation) permits stablecoin reserves to include Central Bank currency, although the European Central Bank (ECB) and other EU central banks, including the Swedish Central Bank, have refused to allow Central Bank reserves as backing assets for stablecoins. However, new ECB rules allow non-bank payment service providers to use Central Bank accounts for payment purposes, maintaining only enough balance to facilitate transaction flows.