By Elizabeth Howcroft

(Reuters) -Europe’s crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank called for more safeguards.

Stablecoins – cryptocurrencies pegged to real-world currencies – are among the fastest-growing parts of the digital assets industry, with the U.S. this year passing legislation to promote their usage.

Europe has launched a landmark set of crypto-specific rules, but lawmakers in Brussels are facing pressure from the ECB to block the so-called “multi-issuance” stablecoin model.

ECB CALLS FOR SAFEGUARDS

At the heart of the dispute is the question of whether a multinational stablecoin company can treat the tokens it issues within the

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