Stablecoins (ART / EMT)
EBA Significance Criteria
Quantitative thresholds the EBA uses to designate significant ARTs (Article 43) and EMTs (Article 56).
Definition
The EBA uses size and interconnection thresholds: user count (10M+ for EMTs, similar for ARTs), outstanding amount (EUR 5B+ for EMTs), cross-border use (7+ member states), and interconnections with the financial system. Designation triggers direct EBA supervision.
Regulatory citation