Circle's Response to the European Commission's MiCA Review Consultation

Circle Internet Financial has responded to the European Commission’s consultation on reviewing the Markets in Crypto-Assets Regulation, drawing on its experience as the issuer of MiCA-authorised USDC and EURC stablecoins. While it credits MiCA with establishing Europe as an early leader in stablecoin regulation, with about 30 authorised e-money tokens, Circle notes that only three of the world’s 25 largest stablecoins are regulated under the framework. It recommends retaining multi-issuance arrangements that allow globally circulating stablecoins to be co-issued by EU-authorised and foreign-regulated entities, alongside safeguards such as reserve rebalancing, and proposes a future equivalence and recognition regime for foreign stablecoins based on comparable EU financial-market frameworks. Circle also urges changes to reserve rules, arguing that mandatory commercial-bank deposit requirements and certain concentration limits may increase risk and operational complexity, and advocates more flexible liquidity-focused standards to support deeper stablecoin liquidity, wider adoption, and Europe’s role in the global market.

No tracked trend matches for this post yet.

Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.