According to ChainCatcher, European Central Bank President Lagarde stated that the EU's regulation on crypto assets (MiCAR) aims to address the risks of stablecoins in two ways. First, stablecoin issuers must allow EU investors to always redeem their held assets at face value. Second, stablecoin issuers must hold a significant proportion of reserves in bank deposits.
Two Ways the EU Regulation on Crypto Assets MiCAR Addresses Stablecoin Risks
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