Italian Central Bank Calls for Clear Regulation on Multi-Issuer Stablecoins The Italian Central Bank stated that multi-issuer stablecoins pose operational and liquidity risks, urging regulators to establish clear rules as soon as possible. The bank emphasized that cross-border issuance exacerbates related risks, highlighting the importance of a clear legal framework. Meanwhile, multi-issuer stablecoins have already sparked tensions between the European Central Bank and the European Commission.