FrankfurtThe European Central Bank wants to close stablecoins’ yield loophole.
The rule protects bank deposit funding at the cost of savers seeking crypto yield.
The European System of Central Banks wants the ban on stablecoin remuneration extended to lending, borrowing and staking beyond platforms covered by the EU’s crypto-assets regulation.
The European Commission’s review of that regulation, still underway, will decide whether the stricter ban becomes law.
How each outlet framed it
- CoinDesk
- reports ECB restrictions on stablecoin yields, proposing reserve-requirement replacement over lending/staking bans
Sources: CoinDesk