ECB Wants EU to Scrap MiCA’s 60% Stablecoin Reserve Rule

The post ECB Wants EU to Scrap MiCA’s 60% Stablecoin Reserve Rule appeared first on Coinpedia Fintech News

The European Central Bank and all 27 EU national central banks are pushing for a major change to Europe’s stablecoin rules. They are arguing that the current MiCA’s 60% reserve rule could put banks at risk.  The central banks want issuers to move more reserves into short-term, highly liquid assets instead of commercial bank deposits. …