Regulation· ★★★★· neutral·

ECB and EU central banks move to scrap contested MiCA stablecoin reserve rule

  • —Large issuers must currently keep 60% of reserves at banks, smaller ones 30%
  • —The ECB proposes replacing this with ultra-liquid assets maturing in 1–5 days
  • —Central banks warn a mass stablecoin redemption could strain commercial banks
  • —Tether skipped an EU license over the rule and has not returned USDT to Europe
Why it matters: Loosening the rule removes Tether's main objection to MiCA and could revive USDT's return to the EU market, though current rules stay in force until lawmakers act.
#USDT
Source: Newsbit
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