France backs stablecoin rewards in MiCA review, opposing ECB stance
AI summary
Four French financial authorities have jointly urged the European Commission to permit stablecoin rewards under certain conditions during the MiCA review. This puts France at odds with the European Central Bank and the EU's national central banks, which oppose such rewards. A favorable outcome would let EU stablecoin holders earn yield, supporting demand for stablecoin-linked crypto activity across the bloc.
