Circle has submitted recommendations to the European Commission to revise the Markets in Crypto-Assets Regulation (MiCA), arguing that while MiCA has regulated many issuers, it has failed to include the largest global stablecoins. Circle advocates preserving the "multi-issuance" model to avoid pushing stablecoin activity offshore and calls for loosening reserve requirements, opposing the current 30%-60% bank deposit mandate. These changes aim to make the EU more attractive for major stablecoin issuers ahead of a planned MiCA overhaul in 2027, amid growing competition between the US and EU for stablecoin dominance.
The story about Circle's stance on MiCA's stablecoin bank-deposit mandate is presented here with a snapshot of the cryptocurrency market on Pluang. For readers following major cryptocurrencies, as of Oct 03, 2026 01:41 WIB, out of 50 major cryptocurrencies, 12 rose and 37 fell. Notably, ATOM dropped 6.91% to Rp29.008 with a 67% sell order activity, LINK declined 6.25% to Rp241.722 with 66% sell orders, while SUSHI, contrastingly, rose with 100% buy orders and a typical hold time of 101 days.
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