Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins
Oct 02 2026 19:46 UTC
The USDC issuer told the European Commission that MiCA's reserve mandates and concentration caps keep the largest global stablecoins outside Europe's perimeter—siding with the ECB in calling for more flexible rules.
➤ Circle is urging the EU to revise MiCA's stablecoin regulations, arguing current rules exclude major global tokens.
➤ The company specifically opposes mandates for bank deposits in reserves and concentration caps, favoring more flexible liquidity requirements.
➤ Circle's recommendations aim to prevent regulatory arbitrage and keep stablecoin activity within Europe's framework.
Read more at: https://rwatimes.io/articles/decrypt-circle-pushes-back-on-mi-c-as-bank-deposit-mandate-for-stablecoins-933770467?utm_source=binance
Oct 02 2026 19:46 UTC
The USDC issuer told the European Commission that MiCA's reserve mandates and concentration caps keep the largest global stablecoins outside Europe's perimeter—siding with the ECB in calling for more flexible rules.
➤ Circle is urging the EU to revise MiCA's stablecoin regulations, arguing current rules exclude major global tokens.
➤ The company specifically opposes mandates for bank deposits in reserves and concentration caps, favoring more flexible liquidity requirements.
➤ Circle's recommendations aim to prevent regulatory arbitrage and keep stablecoin activity within Europe's framework.
Read more at: https://rwatimes.io/articles/decrypt-circle-pushes-back-on-mi-c-as-bank-deposit-mandate-for-stablecoins-933770467?utm_source=binance