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