Wire · operational-macro
Circle urges EU to revise stablecoin reserve rules in MiCA review
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Fusion42 · 2 October 2026 · Fusion42 review
Circle, issuer of USDC and EURC stablecoins, urged the European Commission to revise the Markets in Crypto-Assets Regulation (MiCA) reserve requirements, criticizing mandatory bank deposit rules for exposing issuers to banking risks. Circle also supports preserving multi-issuance structures to avoid pushing users offshore and backs the European Central Bank's call for more flexible reserve liquidity standards.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
You need to reconsider your product's compliance design for Europe as MiCA’s rigid banking reserve rules are under review, opening chances for more flexible liquidity options and multi-issuer partnerships that prevent market flight offshore.
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2 sources · 2 Oct 2026
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