ECB President Christine Lagarde has called for stablecoin projects to comply with EU-equivalent regulations in other jurisdictions to operate within the region. Speaking at a recent conference, Lagarde emphasized the need for robust equivalence regimes and safeguards to prevent the outflow of EU funds during potential stablecoin runs. She noted that Europe's stringent regulatory framework has already led to the delisting of major stablecoins like Tether's USDT from European exchanges. Lagarde also highlighted the importance of international cooperation to ensure financial stability, warning that without global regulatory alignment, risks could exploit existing gaps. The ECB is advocating for the digital euro as a sovereign alternative to stablecoins, contrasting with the U.S. strategy of using stablecoins to bolster dollar dominance.