Circle urges EU to revise stablecoin reserve rules in MiCA review
60-second summary
Circle urges the EU, during its MiCA review, to replace the mandatory 100% bank‑deposit reserve requirement for stablecoins with more flexible liquidity rules, arguing that strict deposits hinder innovation and cross‑border issuance. It stresses that adaptable reserves would support broader adoption while maintaining consumer protection, potentially boosting the European stablecoin market and attracting global issuers.
Circle wants the EU to replace mandatory bank-deposit minimums with more flexible liquidity rules and preserve cross-border stablecoin issuance.