NYDFS and EBA Sign Stablecoin Supervision Agreement
- Regulatory Cooperation Framework: The NYDFS and EBA have signed a memorandum of understanding to establish a cross-border regulatory cooperation mechanism for stablecoins, aimed at enhancing oversight capabilities for stablecoin activities across jurisdictions.
- Information Sharing Channels: The agreement provides channels for information sharing and supervisory coordination between the two regulators, ensuring compliance in stablecoin issuance and management, particularly for cross-border transactions.
- Increased Compliance Expectations: Stablecoin issuers operating in both New York and the EU will face more consistent compliance requirements, potentially undergoing stricter scrutiny on reserve disclosures, redemption mechanisms, and risk management practices, thereby enhancing market transparency.
- Global Regulatory Trend: This agreement reflects the growing importance of regulatory bodies in overseeing global digital assets, especially as the reliability of stablecoins increasingly underpins confidence across the entire digital asset ecosystem.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0282 | 0.0313 | 0.0344 | 0.0376 | 0.0406 | 0.0438 | 0.0468 |
| Fibonacci | 0.0313 | 0.0337 | 0.0352 | 0.0376 | 0.0399 | 0.0414 | 0.0438 |
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