The European System of Central Banks has proposed abandoning the MiCA requirement to hold 30–60% of stablecoin reserves in bank deposits, suggesting instead minimum thresholds for liquid assets with maturities of up to one and five business days.

Experts Warn of Liquidity Risks for Banks

According to experts, the current model focused on a high share of deposits creates liquidity risks for the banking sector. The proposed approach, emphasizing highly liquid instruments, is intended to reduce stablecoin issuers’ reliance on bank deposits and shift attention to the quality and maturity of reserve assets.