Morning Edition · Wednesday, September 23, 2026Published at 7:09 AM EDT · New York
The European System of Central Banks wants the 30 to 60 percent deposit floor replaced with one-day and five-day liquidity tests, arguing the current rule exposes banks to a stablecoin run.

The European Central Bank and the European System of Central Banks (ESCB) formally asked the European Commission on Sept. 22 to remove the Markets in Crypto-Assets Regulation (MiCA) requirement that stablecoin issuers hold a fixed share of…
Track on-chain flows, protocol shifts, stablecoins, and regulation.
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Part of a tracked trend
Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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