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ECB and EU central banks reportedly seek to scrap MiCA’s 60% bank-deposit rule for stablecoins

CoinDesk, citing Reuters, reports that the central banks propose liquid short-term assets as a safer alternative for stablecoin reserves.

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3 Sources, 8d ago, first seen 8d ago

TLDR

CoinDesk, citing Reuters, reports that the ECB and the European central bank system recommend scrapping MiCA’s requirement to hold 60% of stablecoin reserves in bank deposits. Coin Bureau says the banks argue that volatile stablecoin flows could expose lenders to sudden deposit withdrawals. According to Coin Bureau, they want major stablecoin issuers to face no minimum bank-deposit requirement and hold more reserves in highly liquid assets maturing within one to five working days.

Combined views

328.7K

3 Sources, first seen 8d ago

1.8K likes168 comments201 saves302 reposts
Featured Source

Combined views

328.7K

3 Sources, first seen 8d ago

1.8K likes168 comments201 saves302 reposts

Sentiment

Positive70%30%Negative

Summary

Many accounts welcomed the ECB proposal to drop MiCA’s 60% bank-deposit rule because liquid short-term assets could make stablecoins safer and more efficient, while others viewed it as an attempt to retain control over potential outflows.

Based on 28 sentiment-bearing replies from 28 accounts across 2 conversations.

Sentiment

Positive70%30%Negative

Summary

Many accounts welcomed the ECB proposal to drop MiCA’s 60% bank-deposit rule because liquid short-term assets could make stablecoins safer and more efficient, while others viewed it as an attempt to retain control over potential outflows.

Based on 28 sentiment-bearing replies from 28 accounts across 2 conversations.

3 Sources

@coinbureau🚨BREAKING: 🇪🇺The ECB and all 27 EU central banks call to scrap MiCA’s rule forcing major stablecoin issuers to keep 60% of reserves in bank deposits. They argue issuers should not face a minimum bank-deposit requirement because volatile stablecoin flows could expose lenders to sudden deposit withdrawals. Instead, they want issuers to hold more reserves in highly liquid assets maturing within 1–5 working days.
@cryptoroverBREAKING: 🇪🇺 ECB and all 27 EU central banks push to overhaul MiCA’s stablecoin reserve rules. They want stablecoin issuers to keep less money in banks and more in highly liquid assets. BANKS ARE FIGHTING BACK!
@CoinDeskJUST IN: The ECB and European central bank system recommend scrapping MiCA's 60% bank deposit requirement for stablecoin reserves, proposing liquid short-term assets as a safer alternative, per Reuters.
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    ECB

    3 Sources

    @coinbureau🚨BREAKING: 🇪🇺The ECB and all 27 EU central banks call to scrap MiCA’s rule forcing major stablecoin issuers to keep 60% of reserves in bank deposits. They argue issuers should not face a minimum bank-deposit requirement because volatile stablecoin flows could expose lenders to sudden deposit withdrawals. Instead, they want issuers to hold more reserves in highly liquid assets maturing within 1–5 working days.
    @cryptoroverBREAKING: 🇪🇺 ECB and all 27 EU central banks push to overhaul MiCA’s stablecoin reserve rules. They want stablecoin issuers to keep less money in banks and more in highly liquid assets. BANKS ARE FIGHTING BACK!
    @CoinDeskJUST IN: The ECB and European central bank system recommend scrapping MiCA's 60% bank deposit requirement for stablecoin reserves, proposing liquid short-term assets as a safer alternative, per Reuters.
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