ECB and Eurosystem urge dropping MiCA's 60% bank-deposit rule for stablecoin reserves
AI Market Summary
The ECB and the Eurosystem recommending removal of MiCA's 60% bank-deposit reserve requirement for stablecoins, favoring liquid short-term assets, signals a potential shift in EU stablecoin risk management and reserve composition. If adopted, it could reduce reliance on bank deposits, change demand for short-dated liquid instruments, and alter compliance and operational frameworks for EU-facing stablecoin issuers, with spillovers to broader crypto market structure.
Impact level
● Medium
Affected assets
BTC/USDT+0.43%
AI Insight · BTC/USDTAI Insight
● Neutral
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The European Central Bank and the broader Eurosystem have recommended removing the EU's MiCA requirement that 60% of stablecoin reserves be held as bank deposits. In its place, they propose allowing reserves to be backed by liquid short-term assets, which they view as a safer option, Reuters reported.
