European central banks have recommended changing MiCA’s reserve rules for stablecoins issued by electronic-money institutions. According to NS3.AI, the proposal would replace the compulsory share of bank deposits with reserve percentages held in assets maturing within one and five working days.

Under current EU rules, at least 30% of reserves must be kept in commercial-bank deposits for stablecoins issued by electronic-money institutions. The requirement increases to 60% for significant tokens.