stablecoins

The European Central Bank has blocked a proposal to relax reserve requirements for euro-denominated stablecoins. The decision means issuers must continue holding conservative, high-quality reserves backing their tokens, a stance the ECB argues protects financial stability and the euro's monetary role. Crypto industry figures had pushed for lighter rules to make euro stablecoins more competitive with dollar-based rivals, and the block is likely to frustrate those efforts.

Tether has released beta versions of command-line interface and MCP wallet tools aimed at letting users manage their stablecoin holdings through local self-custody rather than custodial services. The tools are aimed at developers and advanced users who want direct control over wallets on their own machines. Coverage so far is limited to crypto trade outlets, with little public reaction recorded yet.