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Aave founder criticizes EU plans to restrict stablecoin yields and DeFi access under MiCA rules.

Market News
04 Oct 2026
CrowdFundInsider
View Source
Bearish
Aave founder criticizes EU plans to restrict stablecoin yields and DeFi access under MiCA rules.

Stani Kulechov, founder of Aave, publicly challenged the European Central Bank and European Banking Authority's proposals in the MiCA review, which include banning yields on stablecoins and limiting crypto service providers' access to decentralized finance (DeFi). He warned these restrictions could stifle innovation, reduce liquidity, and create closed financial systems that limit Europeans' wealth-building options. Kulechov urged regulators to focus on user interests and adapt to onchain financial models rather than impose barriers that slow growth. His comments highlight ongoing debates about how far Europe's crypto rules should regulate yield products and DeFi gateways.

AAVE trades at Rp3.218.290 on Pluang as of Oct 05, 2026 03:11 WIB, showing a slight 0.17% increase in one day. The token's market cap stands at Rp49,67 trillion with a 24-hour trading volume of Rp3,7 trillion. Despite regulatory debates, AAVE's Pluang order activity is heavily skewed towards selling at 98%, with typical holders keeping their tokens for about 105 days.

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