PARIS, Sept 22 : Stablecoin issuers should not be required to hold a minimum proportion of their reserve assets as bank deposits because they could leave lenders exposed to changes in the stablecoin market and less sticky deposits, the ECB and other EU central banks said on Tuesday.The European System of Cen

ECB seeks wider EU rules to restrict stablecoin yield from lending, staking and borrowing while proposing new reserve standards.

PARIS, Sept 22 : Stablecoin issuers should not be required to hold a minimum proportion of their reserve assets as bank deposits because they could leave lenders exposed to a run on stablecoins and less stable deposits, the ECB and other EU central banks said on Tuesday.The European System of Central Banks (

The European Central Bank and national central banks across the European Union have raised formal objections to a key regulatory requirement under the bloc's Markets in Crypto-Assets framework...