Advocacy group says 50,000 wrote to the EU Commission seeking stablecoin rewards
Stand With Crypto EU says more than 50,000 people emailed the European Commission asking it to allow stablecoin rewards, which EU central banks want kept banned under MiCA.
Why it matters
The treatment of stablecoin rewards under MiCA is unsettled as the Commission's review closes, and European exchanges are already steering users toward euro-pegged tokens such as EURØP. The Kazakhstan memorandum commits nothing: no tenge stablecoin has been announced, no issuer named and Hadron described only as a possible technology choice.
Where the sources disagree
Tether's Hadron platform in the Kazakhstan project
Hadron could be used; no commitment to issue or adopt
CoinDesk
Hadron is a possible technology choice, not a confirmed deployment
Bitcoin Insider
CoinDesk reports Tether's Hadron platform could be used in the project while noting the agreement does not commit Kazakhstan to adopting it, and Bitcoin Insider calls Hadron a possible technology choice rather than a confirmed deployment.
Key facts
Stand With Crypto EU says more than 50,000 people emailed the European Commission during its MiCA review asking it to allow stablecoin issuer rewards and platform perks such as cashback, loyalty benefits and fee reductions.
50,000Disputed figureReported by Bitcoin.com News
European central banks asked for MiCA's ban on stablecoin rewards to remain and to cover indirect incentives.
Reported by Bitcoin.com News
A separate petition calling for broader changes to MiCA's stablecoin rules drew more than 126,600 signatures, according to Stand With Crypto EU.
126,600Reported by Bitcoin.com News
ECB executive board member Isabel Schnabel argued in a presentation titled 'Central Banks On-Chain' that central bank money must migrate natively onto distributed ledger technology rails, favouring direct issuance on DLT for policy operations.
Reported by Crypto News (CryptoNews.net)
The ECB has not decided whether to issue a digital euro, plans to conclude the legislative process by the end of 2026 and would run a 12-month pilot starting in the second half of 2027 with possible issuance in 2029, Cipollone said.
Reported by Cointelegraph
eToro joined ten European firms in the Eurøpe Consortium, whose first token is EURØP, issued in France by Schuman Financial, with 15.5 million tokens in circulation on October 1.
15,500,000Reported by Finance Magnates Crypto
Dollar-pegged tokens account for about 99% of global stablecoin market value, according to the ECB's Financial Stability Review from November 2025.
99 %Reported by Finance Magnates Crypto
The National Bank of Kazakhstan, Tether and the Alatau City Authority signed a memorandum of understanding to study a tenge-pegged stablecoin and a tokenization pilot under Alatau City's special legal regime, which does not commit Kazakhstan to issuing a stablecoin.
Reported by CoinDesk
What happened
Stand With Crypto EU, a European crypto asset advocacy group, says more than 50,000 people emailed the European Commission during its review of MiCA, the EU crypto asset rulebook, asking it to let regulated stablecoin issuers pay rewards to holders and let platforms offer cashback, loyalty benefits and fee reductions; the group said only EU citizens could send the emails and that they were timed to the closing of the review, and it counts Boerse Stuttgart Digital, 50 Partners, IOTA and Morpho among its partners (Bitcoin.com News). Bitcoin.com News also reported that European central banks asked the week before for MiCA's ban on stablecoin rewards to stay in place and to extend to indirect incentives, and that a separate petition calling for wider changes to MiCA's stablecoin rules drew more than 126,600 signatures. Bitcoin Insider described the same 50,000 people differently, as individuals opposing how EU central banks handle stablecoin policy and wanting yield-like payouts preserved or expanded under MiCA rather than restricted, and it attributed the figure to multiple reports. ECB executive board member Piero Cipollone told an MNI Connect webcast that without a pan-European digital payment solution for everyday transactions the risk of fragmentation could increase across tokenization platforms; he said the ECB has not decided whether to issue a digital euro, plans to conclude the legislative process by the end of 2026 and, if it proceeds, would run a 12-month pilot starting in the second half of 2027 with possible issuance in 2029 (Cointelegraph). Finance Magnates Crypto reported that eToro joined ten European firms in a Eurøpe Consortium promoting euro-pegged tokens, starting with EURØP, a token issued in France by Schuman Financial that had 15.5 million tokens in circulation on October 1, and noted that dollar-pegged tokens make up about 99% of global stablecoin market value according to the ECB's Financial Stability Review from November 2025, while CoinDesk reported that the National Bank of Kazakhstan, Tether and the Alatau City Authority signed an exploratory memorandum on a tenge-pegged stablecoin and tokenized real-world assets that commits Kazakhstan to no issuance.
How the story developed
- First report
First report by Cointelegraph
Stablecoins can drain from banks and nations at lightning speed
- Official statement
Official statement from Bitcoin.com News
50,000 Europeans Reportedly Collide With EU Central Banks Over Stablecoins
- Update
Stand With Crypto EU says 50,000 EU citizens emailed the Commission on stablecoin rewards
The group said the emails were restricted to EU citizens and were sent to coincide with the closing of the MiCA review.
- Official statement
European central banks ask that MiCA's stablecoin reward ban stay and widen to indirect incentives
Bitcoin.com News reported the request landed the week before the MiCA review closed; no exact date was given.
- Update
MiCA review closes with the reward question unresolved in the evidence
Bitcoin.com News said the email campaign was timed to the review's closing; no outcome on rewards is stated in the sources.
- Mainstream pickup
Picked up by mainstream media (Finance Magnates Crypto)
eToro Joins European Crypto Firms Pushing Traders Toward a Euro Stablecoin
- Update
eToro joins the Eurøpe Consortium backing euro-pegged tokens
Finance Magnates Crypto reported the consortium's other members include Assetera, BLOX, Coinhouse, Coinmerce, DFNS, LCX, RockawayX, SwissBorg and XRPL Commons.
- Update
Cipollone says fragmentation risk rises without a digital euro
He spoke on an MNI Connect webcast and said the ECB aims to close the digital euro legislative process by the end of 2026.
- Official statement
Kazakhstan central bank, Tether and Alatau City Authority sign exploratory stablecoin memorandum
The parties said the memorandum covers a tenge-pegged stablecoin concept, a tokenization framework and a possible Alatau pilot.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 1 Oct 2026, 13:30 UTC: Cointelegraph — 1 independent source, 1 reports
- 2 Oct 2026, 05:30 UTC: Bitcoin.com News, official — 2 independent sources, 2 reports
- 2 Oct 2026, 10:01 UTC: Bitcoin Insider — 3 independent sources, 3 reports
- 5 Oct 2026, 07:17 UTC: Finance Magnates Crypto, Mainstream media — 4 independent sources, 5 reports
- 7 Oct 2026, 14:27 UTC: CoinDesk — 5 independent sources, 8 reports
Affected entities
Also mentioned: United States, U.S. Securities and Exchange Commission, Binance, Kraken, Base, Nasdaq
Original sources
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