European central banks have urged Brussels to preserve MiCA's ban on stablecoin remuneration and extend it to crypto lending, borrowing and staking services that reproduce the economic effect of interest. The European System of Central Banks also proposed replacing MiCA's fixed bank-deposit reserve thresholds with liquidity-based requirements and transferring supervision of all crypto-asset service providers to the European Securities and Markets Authority. The recommendations add to a dispute over MiCA's reserve rules after Tether Chief Executive Officer Paolo Ardoino said the issuer had abandoned plans to seek EU authorization, citing the 60% deposit requirement for significant stablecoins. Tether remains unauthorized under MiCA, limiting USDT's availability on regulated European crypto platforms.