MiCA requires to have and to hold in several EU banks 30% of reserves in cash for stablecoin issuers and 60% of reserves in cash for significant e-money tokens

Claim

Quotes that support claims

“These reserves need to be split in several local banks to mitigate concentration risk”
MiCA requires stablecoin issuers to hold 30% of the reserves in cash in EU bank accounts, or 60% for significant e-money tokens.