The European Banking Authority and New York's financial regulator have signed an agreement to oversee cross-border stablecoin activities in a bid to strengthen transatlantic supervision.

The New York Department of Financial Services and European Banking Authority said they'll work together to oversee stablecoins.

NYDFS and the European Banking Authority signed a Memorandum of Understanding to share supervisory data and coordinate crisis responses on stablecoin oversight.

The European Banking Authority and New York's financial regulator have signed an agreement to oversee cross-border stablecoin activities in a bid to strengthen transatlantic…