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EU Central Banks Push to Eliminate Stablecoin Deposit Rule

Europe’s central banks say stablecoin deposit regulations could mean less stability for lenders. The European System of Central Banks (ESCB) published a paper Tuesday (Sept. 22) in response to Europe’s Markets in Crypto-Assets (MiCA) regulation, which requires stablecoin issuers to hold 30% of their reserves as bank deposits, or 60% for…

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