ECB and EU Regulators Push to Ease Stablecoin Liquidity Rules Under MiCA
- —ESCB proposes removing the rule requiring 30% of stablecoin reserves in bank deposits (60% for significant tokens)
- —Instead, minimum liquidity thresholds for reserve assets maturing within 1 to 5 business days
- —Alternatives for issuers: overnight reverse repo agreements and short-term government bonds
- —ESCB warned that unlicensed crypto firms still serve EU users despite MiCA
Why it matters: The MiCA review will shape how USDT and USDC issuers hold reserves in the EU, affecting stablecoin risk and yield.
Source: CryptoHamster