Tiger Research: banks must design stablecoin model before launch, not race to market
- —Under MiCA, EMTs can be issued by banks or e-money institutions (EMIs)
- —EMIs must hold at least 30% of client funds in a segregated account at another bank
- —Significant EMTs face a 3% capital requirement on average reserves and semi-annual audits
- —Redemption at par must be offered free of charge in principle
Why it matters: Banks that map out reserves and redemption on the MiCA template now will be best placed once national rules take effect.
Source: TokenPost