The European Banking Authority (EBA) has signed a Memorandum of Understanding (MoU) with the New York State Department of Financial Services (NYDFS) on 2 June 2026. The agreement, governed by the EU’s Markets in Crypto‑Assets Regulation (MiCA), establishes principles and procedures for exchanging information and coordinating supervisory activities concerning stablecoins that operate across New York State and the European Union. It also creates a framework for mutual assistance during ongoing supervision and for timely coordination in crisis or emergency situations. The MoU reflects the growing international nature of stablecoin markets and aims to provide a consistent supervisory approach across jurisdictions. EBA Chair François‑Louis Michaud said the MoU marks a milestone in transatlantic cooperation, while NYDFS Acting Superintendent Kaitlin Asrow highlighted the partnership’s role in protecting consumers, entities, and markets.
© European Banking Authority.
Summary adapted from material on the EBA website (https://www.eba.europa.eu ).
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