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Europe’s central banks want to scrap MiCA’s rule forcing stablecoin issuers to keep 30% of reserves in commercial-bank deposits.
Their concern is simple: a bank failure can hit a stablecoin’s reserves, while a stablecoin run can drain funding from the bank holding them.
Europe’s central banks want to scrap MiCA’s rule forcing stablecoin issuers to keep 30% of reserves in commercial-bank deposits.
Their concern is simple: a bank failure can hit a stablecoin’s reserves, while a stablecoin run can drain funding from the bank holding them.
