More than 50,000 EU citizens urge EC to allow stablecoin rewards

More than 50,000 EU citizens emailed the European Commission urging it to allow stablecoin rewards, including interest payments, yield distributions, cashback and fee discounts, Stand With Crypto EU said, according to Bitcoin News. Separately, more than 126,600 people signed a petition calling for amendments to the EU’s Markets in Crypto-Assets regulation, or MiCA, to allow revenue generated from stablecoin reserve assets to be distributed to users. By contrast, the European Central Bank and other EU central banks support keeping the ban on stablecoin rewards and extending restrictions to indirect incentives.