According to Reuters, the European Commission will issue guidelines clarifying that stablecoins issued by EU-licensed firms can be swapped with similar tokens issued by their non-EU entities, to be implemented under the MiCA framework. The move responds to inquiries from French regulators regarding token homogeneity. Issuers of interchangeable tokens in both EU and non-EU markets may be required to establish rebalancing mechanisms to ensure EU-based reserves match the quantity of tokens circulating within the bloc.