50,000 Europeans urge EU to ease stablecoin rewards restrictions in MiCA review
Image: CointelegraphMore than 50,000 Europeans submitted comments to the EU's MiCA review consultation, organized by crypto advocacy group Stand With Crypto EU. The group also runs a separate petition with over 126,000 signatures backing looser stablecoin rewards rules. Current MiCA rules ban stablecoin issuers from paying interest or equivalent remuneration. The European System of Central Banks has proposed extending that ban to yield from lending, borrowing and staking arrangements.
Key points
- Over 50,000 Europeans submitted comments to the EU's MiCA review consultation via Stand With Crypto EU.
- Stand With Crypto EU's separate stablecoin rewards petition has gathered over 126,000 signatures.
- Current MiCA rules prohibit stablecoin issuers from paying interest or equivalent remuneration.
- The European System of Central Banks proposed extending the stablecoin yield ban to lending, borrowing and staking.
Why it matters
The MiCA review outcome will determine what incentives regulated EU stablecoin providers can offer, impacting their ability to compete with bank deposit products and unregulated alternatives.
Sources · 2 publishers
Crypto Briefing
Tier 2
Stand With Crypto urges EU to ease stablecoin rewards restrictions
Coverage timeline
- First reported by Cointelegraph
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
