European central banks push to expand stablecoin yield ban to crypto lending and staking

# European central banks push to expand stablecoin yield ban to crypto lending and staking

> Evidence tier: B1
> Evidence type: Independent report checked against the ESCB response to the European Commission's MiCA review consultation
> Source: [CoinDesk](https://www.coindesk.com/policy/2026/09/22/european-central-banks-push-to-expand-stablecoin-yield-ban-to-crypto-lending-and-staking)
> Published: 2026-09-22
> Captured: 2026-09-22T14:40:17.914Z

## Source summary

CoinDesk reports that the ECB and EU national central banks asked the European Commission to prevent MiCA's ban on interest for e-money tokens from being bypassed through lending, borrowing or staking arrangements. Their consultation response also proposes replacing MiCA's fixed 30% and 60% bank-deposit requirements for reserve assets with liquidity- and maturity-based requirements.

## Why it matters

The proposal could change the economics and reserve management of euro-area stablecoins, but it is a central-bank consultation position, not enacted law. The Commission and EU legislators may revise, reject or narrow the recommendations.

## Key numbers

- **Current reserve-deposit threshold cited for significant tokens:** 60%
- **Current reserve-deposit threshold cited for other tokens:** 30%

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: European Central Bank / European System of Central Banks
- Web3 payments
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

Readable CoinDesk report checked against the ESCB consultation response. The recommendations are accurately bounded as proposals and have not been enacted.

Date evidence: CoinDesk JSON-LD records September 22, 2026

## First-party corroboration

- [https://www.ecb.europa.eu/press/consultationresponse/pdf/ecb.conresp202609_micarreview.de.pdf?c026ff0fd6c52a4eb29d725e6fec3cbb](/en/items/https://www.ecb.europa.eu/press/consultationresponse/pdf/ecb.conresp202609_micarreview.de.pdf?c026ff0fd6c52a4eb29d725e6fec3cbb)

## Original-source traceback

[Open the original CoinDesk report](https://www.coindesk.com/policy/2026/09/22/european-central-banks-push-to-expand-stablecoin-yield-ban-to-crypto-lending-and-staking)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.