Stablecoins (ART / EMT)
Asset Reserve
The pool of assets backing outstanding ARTs — segregated, bankruptcy-remote, custodied by an independent credit institution or CASP.
Definition
The ART reserve under MiCA Article 36 is the pool of liquid, high-quality assets that backs outstanding ARTs at all times. Composition, concentration limits, and custody arrangements are specified by EBA RTS. Reserve assets must equal or exceed the value of outstanding ARTs continuously.
Regulatory citation