European central banks push to expand stablecoin yield ban to crypto lending and staking
- —European central banks want the stablecoin yield ban extended to crypto lending and staking
- —They say indirect yield structures blur the line between payment tokens and bank deposits
- —Regulators argue such structures distort competition in the financial system
Why it matters: A wider ban could strip stablecoin issuers and DeFi protocols of ways to pay yield, weighing on demand for USDT and USDC in the EU.
Source: CoinDesk