REGULATION · EU
EU central banks challenge MiCA stablecoin reserve requirement
European System of Central Banks published response to Markets in Crypto-Assets regulation arguing the 30% bank deposit reserve rule for stablecoin issuers reduces lending stability. Signals potential policy revision ahead.
WHY IT MATTERS
Weakening reserve rules accelerates stablecoin adoption as settlement layer; banks may shift deposits away from customer accounts into crypto reserves, shrinking traditional lending capital.
Source: PYMNTS · 2026-09-22