European Union official pledges action on stablecoins after calls for new curbs

A senior official for the European Union's executive branch said Saturday that concerns among the bloc's finance ministers about stablecoins will be addressed in future legislation.

On Friday, finance ministers from major EU members like Germany and France called for heightened restrictions on stablecoin activities in the region. The next day, during a press conference, European Commission executive vice president Valdis Dombrovskis sought to assuage such concerns.

"Some ministers yesterday expressed some concerns abo