ECB and EU central banks push to ban stablecoin yield under MiCA
- —ESCB wants to ban not only direct interest but also indirect stablecoin yield
- —Staking, DeFi lending and loyalty programs could fall under the ban
- —Issuer reserves would move from bank deposits to 1–5 day liquidity limits
- —The 57-page opinion was filed as part of the MiCA review consultation
Why it matters: A yield ban would strip EU stablecoin holders of passive income and hit DeFi protocols and staking services across the bloc.
Source: BitcoinBázis