ECB Wants to Scrap MiCA’s Stablecoin Deposit Rule The ECB and EU central banks want to remove MiCA’s bank deposit thresholds for stablecoin reserves. Current rules require 30% of reserves in bank deposits, rising to 60% for significant stablecoins. The central banks argue large deposits could create liquidity risks during sudden redemptions. They instead support liquidity requirements based on assets maturing within one and five working days. Short term sovereign bonds and overnight reverse repos could also qualify. The proposal was submitted during the European Commission’s MiCA review.
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