New York’s financial regulator and the European Banking Authority (EBA) announce a supervisory cooperation arrangement for stablecoins. On June 2, the New York State Department of Financial Services (DFS) says it has signed a memorandum of understanding (MOU) with the EBA to enable the “exchange of supervisory and confidential information” related to stablecoins. The stated goal is to support coordinated oversight between the two regulators.
According to reporting from multiple outlets, the categories of information intended for sharing include details about the stablecoins themselves, such as which stablecoins are issued, their total volume in circulation, and the number of holders. The partnership is framed as an effort to strengthen monitoring and supervision by allowing regulators in different jurisdictions to align their data and supervisory perspectives.
The DFS and the EBA do not describe enforcement outcomes or changes to stablecoin rules within the reports provided, but the MOU indicates an operational step toward cross-border regulatory cooperation, with confidential supervisory information serving as the mechanism for coordination.
