Circle calls for greater flexibility in stablecoin reserves in Europe
๐ Where are stablecoin reserves held? Circle wants to change European rules.
Circle is urging the European Union to review MiCAโs reserve requirements. It wants to preserve cross-border stablecoin issuance.
โข Replace mandatory minimum bank deposit requirements with more flexible liquidity rules.
โข These proposals are not an approved amendment to the rules.
๐ง Market and liquidity impact:
In my view, the requested flexibility could give issuers more room to manage liquidity, but it does not in itself mean new funds will flow into the market.
๐ฏ Most affected: stablecoins and their issuers.
Do you think more flexible reserve rules would support the stablecoin market or increase your concerns about it? ๐
$USDC #USDC #Crypto #Stablecoins #Regulation
๐ Where are stablecoin reserves held? Circle wants to change European rules.
Circle is urging the European Union to review MiCAโs reserve requirements. It wants to preserve cross-border stablecoin issuance.
โข Replace mandatory minimum bank deposit requirements with more flexible liquidity rules.
โข These proposals are not an approved amendment to the rules.
๐ง Market and liquidity impact:
In my view, the requested flexibility could give issuers more room to manage liquidity, but it does not in itself mean new funds will flow into the market.
๐ฏ Most affected: stablecoins and their issuers.
Do you think more flexible reserve rules would support the stablecoin market or increase your concerns about it? ๐
$USDC #USDC #Crypto #Stablecoins #Regulation