EU Central Banks Push New Stablecoin Yield Limits

TLDR The ECB wants wider EU restrictions on stablecoin yield from lending, borrowing, staking, and similar products. The ESCB said current rules should cover both direct rewards and indirect returns linked to stablecoin holdings. Central banks want to prevent stablecoins from functioning like interest-bearing bank deposits. The ESCB proposed replacing MiCA’s bank deposit reserve thresholds [...]

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