Circle has called on the European Commission to remove fixed commercial bank deposit requirements for stablecoin reserves under the EU's Markets in Crypto Assets (MiCA) regulation. The current rules mandate stablecoin issuers hold 30% to 60% of reserves in bank deposits, which Circle argues exposes issuers to banking risks, citing its own experience during the Silicon Valley Bank collapse. Instead, Circle supports replacing these fixed thresholds with liquidity-based requirements that focus on how quickly reserve assets can be accessed for redemptions, aligning with proposals from the European Central Bank. Additionally, Circle wants to preserve multi issuance arrangements allowing regulated entities inside and outside the EU to jointly issue the same stablecoin, to maintain market access and regulatory protections.
Circle's call for easing EU stablecoin bank deposit rules is context for cryptocurrency market data. For readers following crypto, 40 of 50 major cryptocurrencies rose today. ENJ gained 23.56% to Rp648, MANA rose 15.41% to Rp1.842, and BAT increased 12.55% to Rp1.782. Data as of Oct 02, 2026 20:45 WIB.
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