diff --git a/discord/embeds.py b/discord/embeds.py
index 700adae14..4fcb3b49e 100644
--- a/discord/embeds.py
+++ b/discord/embeds.py
@@ -51,6 +51,9 @@ class EmbedProxy:
     def __getattr__(self, attr: str) -> None:
         return None
 
+    def __eq__(self, other: object) -> bool:
+        return isinstance(other, EmbedProxy) and self.__dict__ == other.__dict__
+
 
 if TYPE_CHECKING:
     from typing_extensions import Self
@@ -106,6 +109,12 @@ class Embed:
 
             .. versionadded:: 2.0
 
+        .. describe:: x == y
+
+            Checks if two embeds are equal.
+
+            .. versionadded:: 2.0
+
     For ease of use, all parameters that expect a :class:`str` are implicitly
     casted to :class:`str` for you.
 
@@ -281,6 +290,23 @@ class Embed:
             )
         )
 
+    def __eq__(self, other: Embed) -> bool:
+        return isinstance(other, Embed) and (
+            self.type == other.type
+            and self.title == other.title
+            and self.url == other.url
+            and self.description == other.description
+            and self.colour == other.colour
+            and self.fields == other.fields
+            and self.timestamp == other.timestamp
+            and self.author == other.author
+            and self.thumbnail == other.thumbnail
+            and self.footer == other.footer
+            and self.image == other.image
+            and self.provider == other.provider
+            and self.video == other.video
+        )
+
     @property
     def colour(self) -> Optional[Colour]:
         return getattr(self, '_colour', None)
diff --git a/docs/migrating.rst b/docs/migrating.rst
index 7b149133f..5f879eb0a 100644
--- a/docs/migrating.rst
+++ b/docs/migrating.rst
@@ -883,22 +883,28 @@ The following properties were changed to return a sequence instead of a list:
 This change should be transparent, unless you are modifying the sequence by doing things such as ``list.append``.
 
 
-Removal of ``Embed.Empty``
----------------------------
+Embed Changes
+--------------
 
 Originally, embeds used a special sentinel to denote emptiness or remove an attribute from display. The ``Embed.Empty`` sentinel was made when Discord's embed design was in a nebulous state of flux. Since then, the embed design has stabilised and thus the sentinel is seen as legacy.
 
 Therefore, ``Embed.Empty`` has been removed in favour of ``None``.
 
+Additionally, ``Embed.__eq__`` has been implemented thus embeds becoming unhashable (e.g. using them in sets or dict keys).
+
 .. code-block:: python
 
     # before
     embed = discord.Embed(title='foo')
     embed.title = discord.Embed.Empty
+    embed == embed.copy() # False
 
     # after
     embed = discord.Embed(title='foo')
     embed.title = None
+    embed == embed.copy() # True
+    {embed, embed} # Raises TypeError
+
 
 
 Removal of ``InvalidArgument`` Exception