Just finished reading two Chinese market updates: this round from the European Central Bank is targeting the MiCA clause about “large stablecoins requiring at least 60% of reserves to be held in bank deposits.”
The position is very clear—not calling to stop stablecoins, but opposing hard-capping 60% into bank deposits. The concern is that banks would face pressure as stablecoins move with market volatility, and that deposits themselves could be dragged down. The ECB system is more inclined toward requiring that part of the reserves must be short-term assets maturing within 1 business day or within 5 business days. It also added in passing: while MiCA has come into effect, crypto firms that are not fully compliant may still be able to reach EU customers, and implementation still faces challenges.
Sources: Odaily market update 519538 + ChainCatcher 2291505 (the latter notes it was reported by Reuters); the Reuters headline on the same topic is also visible via Google News simultaneously. Details should be verified against the ECB/EU consultation materials and the original wire reports; this article only summarizes key points.
The figure is a self-made illustration, not a screenshot of an announcement, nor a chart.
Data as of: 2026-09-22 19:45 (UTC+8; Odaily 519538 / ChainCatcher 2291505)
For information sharing only and does not constitute investment advice.
#稳定币 #Regulatory
The position is very clear—not calling to stop stablecoins, but opposing hard-capping 60% into bank deposits. The concern is that banks would face pressure as stablecoins move with market volatility, and that deposits themselves could be dragged down. The ECB system is more inclined toward requiring that part of the reserves must be short-term assets maturing within 1 business day or within 5 business days. It also added in passing: while MiCA has come into effect, crypto firms that are not fully compliant may still be able to reach EU customers, and implementation still faces challenges.
Sources: Odaily market update 519538 + ChainCatcher 2291505 (the latter notes it was reported by Reuters); the Reuters headline on the same topic is also visible via Google News simultaneously. Details should be verified against the ECB/EU consultation materials and the original wire reports; this article only summarizes key points.
The figure is a self-made illustration, not a screenshot of an announcement, nor a chart.
Data as of: 2026-09-22 19:45 (UTC+8; Odaily 519538 / ChainCatcher 2291505)
For information sharing only and does not constitute investment advice.
#稳定币 #Regulatory
