[Swedish Central Bank Releases Research Report on Stablecoin Policy, Indicating Gradual Convergence of US and EU Regulatory Paths] The Swedish Central Bank (Riksbank) has released a research report stating that despite differences in regulatory frameworks, the US and EU are gradually showing substantive convergence in stablecoin policies. The report focuses on analyzing three key policy dimensions of central banks: whether stablecoin issuers are allowed access to settlement systems, whether central bank reserves can be used as collateral assets, and whether liquidity support can be obtained. Currently, while the use of central bank reserves is legally permitted in both the US and EU, there are still operational restrictions. The European Central Bank has allowed certain non-bank payment institutions to hold central bank account balances for transaction flows but has not extended this to backing stablecoins.