According to CoinDesk, the European Union’s banking and market regulators have released a set of draft technical standards for stablecoins across multiple currencies or assets. The standards are among several expected to be developed and published by regulators under the EU’s landmark Markets in Crypto-Assets (MiCA) regulations. The European Banking Authority (EBA) is working with EU market regulator ESMA to develop rules under MiCA. The standard released on Wednesday is one of several that will be released by regulators. The EBA and ESMA are consulting on additional Regulatory Technical Standards (RTS). The published RTS sets out “requirements, templates and procedures” for complaints received by issuers of Asset Reference Tokens (ARTs) as defined by MiCA. Unlike stablecoins that are pegged to the value of a single currency, such as the euro or the U.S. dollar, ARTs, such as Libra (later Diem) proposed by Meta a few years ago, can reference multiple currencies or other assets, such as cryptocurrencies. The MiCA regulations focus on the requirements for stablecoin issuers. While MiCA as a whole will take effect in December, stablecoin rules will take effect this summer. Regulators consulted on the draft standards from July to October last year.