Circle has called on EU policymakers to revise the MiCA framework for stablecoins, highlighting that only three of the world's top 30 stablecoins (USDC, USDG, EURC) currently comply. The company advocates preserving issuance arrangements involving European and overseas affiliates to avoid pushing users towards offshore providers. Circle also proposes replacing fixed bank deposit reserve requirements with liquidity-based rules and suggests a recognition process for foreign-regulated stablecoins, drawing on U.S. regulatory models. These changes aim to improve access to global stablecoins under EU supervision and support the growth of European-issued tokens like EURC, which recently surpassed €400 million in circulation.
Circle's call for MiCA changes comes as a backdrop to a mixed market performance among major cryptocurrencies on Pluang. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 02, 2026 02:41 WIB: out of 50 major cryptocurrencies, 30 rose and 19 fell. Notable movers include THETA with a price of Rp3.930 and a 1-day change of -3.06%, LTC at Rp1.214.867 up 2.71%, and UNI priced at Rp162.419 with a 1-day increase of 2.62%.
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