By Hassan Shittu Key highlights: Tether declined to seek a MiCA license primarily due to the rule requiring major stablecoin issuers to hold 60% of reserves in bank deposits The ECB now wants the rule removed because large bank deposit requirements create two-way systemic risk, as stablecoin redemptions could force sudden bank withdrawals Tether’s options […]
Tag: EURC
By Hassan Shittu Key highlights: Deutsche Bank plans to launch institutional crypto custody by end-2026, initially supporting Bitcoin, Ether, USDC, EURC, and EURAU The bank chose custody over trading as its entry point, partnering with Taurus for infrastructure, with a roadmap extending to tokenized securities alongside crypto assets Regulatory tailwinds are enabling the move: MiCA […]
By Jose Oramas Revolut began rolling out EURR, its first euro-denominated stablecoin, opening the token to what the company called a “select group of customers” in Denmark, Poland, and Portugal ahead of a wider European Economic Area (EEA) launch expected later this year. The token is issued by Bridge, the stablecoin infrastructure firm Stripe acquired […]