50,000 Europeans call on EU to ease stablecoin rewards restrictions in MiCA review
A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules.
A campaign involving over 50,000 supporters from across Europe is urging the European Union to reconsider the restrictions on stablecoin rewards as part of its review of the Markets in Crypto-Assets (MiCA) framework. The initiative, spearheaded by crypto advocacy group Stand With Crypto EU, was sparked by the EU central banks' push for broader changes to the stablecoin rules in MiCA.
The campaign highlights that the current regulations prohibiting issuers and crypto service providers from paying interest on stablecoins put these products at a disadvantage compared to bank deposits and other e-money products. Stand With Crypto EU argues that allowing regulated stablecoins to offer rewards would help euro-denominated stablecoins gain adoption and compete with dollar stablecoins, ultimately contributing to the euro's global standing and the EU's payment sovereignty.
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