50,000 Europeans Call on EU to Adjust Stablecoin Reward Rules in MiCA Review

They argue these features are not inherently risky when tied to compliant

Over 50,000 individuals across Europe have signed a petition urging the European Union to reconsider restrictions on stablecoin rewards under the Markets in Crypto-Assets regulation. The campaign, launched in September 2026, targets Brussels as EU financial authorities conduct a scheduled review of MiCA provisions. Signatories argue current rules limit innovation and consumer benefits in the growing digital asset space. The initiative comes as several EU central banks explore broader use cases for stablecoins in payment systems and financial inclusion efforts. Campaign organizers say the existing MiCA framework overly constrains reward mechanisms that could encourage adoption and responsible use. They point to examples from other jurisdictions where incentive models have supported financial literacy and access without compromising stability. Why Reward Structures Matter for Stablecoin Adoption Supporters of the petition emphasize that modest rewards, such as cashback or yield-like incentives, can drive user engagement with regulated stablecoins.

They argue these features are not inherently risky when tied to compliant assets and transparent terms. One organizer noted that excluding such tools pushes users toward unregulated alternatives, undermining consumer protection goals. The campaign cites surveys showing 68% of Europeans would be more likely to use stablecoins if small incentives were permitted. How Might the EU Balance Innovation and Risk in Its Review? EU officials say the MiCA review will assess whether current provisions on stablecoin rewards remain fit for purpose amid evolving market dynamics. The European Central Bank has previously warned against excessive incentives that could mimic deposit products and create regulatory arbitrage. However, policymakers acknowledge the need to foster competitiveness in the digital euro project. A compromise may involve capping reward values or linking them to educational milestones rather than pure financial returns. Frequently Asked Questions What specific changes are petitioners asking for in MiCA?

They are requesting the EU allow limited, transparent reward programs for stablecoins that do not mimic interest-bearing accounts or encourage excessive risk-taking. Why do central banks have concerns about stablecoin rewards? Authorities worry such incentives could blur lines between crypto assets and traditional deposits, potentially undermining monetary policy transmission and financial stability safeguards. When will the EU complete its MiCA review process? The review is ongoing, with preliminary findings expected by mid-2027 and any potential amendments subject to standard legislative procedures.