Deep Tide TechFlow News, May 23 — According to Reuters, the European Central Bank opposed the proposal to promote more euro stablecoins at the EU finance ministers' meeting, believing that relaxing liquidity requirements for stablecoin issuers or even allowing them to access European Central Bank financing could weaken bank deposit stability, suppress bank lending, and increase the difficulty of interest rate regulation.



The proposal was put forward by Bruegel in the meeting document, aiming to expand the current market dominated by US dollar stablecoins. ECB President Christine Lagarde has previously taken a cautious stance on euro stablecoins and favors a tokenized commercial bank deposit scheme. The report also states that the EU is reviewing the MiCA regulation coming into effect in 2024, while the US passed the more lenient GENIUS Act in 2025.
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