ECB MiCA stablecoin reserve deposit rule stories

Sep 22, 2026

ECB and EU central banks seek to eliminate MiCA stablecoin reserve rule

The European Central Bank and EU central banks want Brussels to delete a MiCA rule requiring large stablecoin issuers to keep 60% of reserves in commercial banks, arguing the requirement could destabilize lenders and reduce liquidity management flexibility.

Sep 22, 20264 sources

Top claims

▪Under the current Markets in Crypto-Assets regulation, stablecoin issuers must hold at least 30% of their reserves in bank deposits for non-significant tokens, and 60% for tokens classified as significant
▪On September 22, 2026, the European Central Bank and the European System of Central Banks submitted a formal response to the European Commission's consultation, recommending the complete elimination of the Markets in Crypto-Assets regulation's bank-deposit mandate for stablecoin reserves
▪The European System of Central Banks proposed replacing the Markets in Crypto-Assets bank-deposit mandate with minimum liquidity thresholds requiring reserve assets to mature within one to five working days

Subtopics

Central Bank Digital Currencies (CBDCs)1 Crypto regulation1 EU digital regulation1 European Central Bank1 European Union1 Stablecoin regulation1 Stablecoins1

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