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ECB, EU Central Banks Oppose Stablecoin Bank Deposit Rule
The ESCB said reserve rules should favor liquid assets over bank deposits, warning that stablecoin runs could pressure lenders and expose enforcement gaps.
PARIS, Sept 22 (Reuters) - Stablecoin issuers should not be required to hold a minimum proportion of their reserve assets as bank deposits because they could leave lenders exposed to changes in the stablecoin market and less sticky deposits, the ECB ...