EURC
−0.7%
USDC
+0.0%
USDG
+0.0%Circle urges EU MiCA changes over low stablecoin compliance
Image: Crypto.newsCircle has called on EU policymakers to revise MiCA stablecoin issuance and reserve rules. MiCA has approved roughly 30 e-money tokens in Europe, but only three of the world's 30 largest stablecoins, USDC, USDG and EURC, comply with the framework. Circle seeks to preserve cross-border multi-issuance arrangements for stablecoins. It also wants to replace mandatory commercial bank deposit reserve thresholds with liquidity-based rules. EURC supply has grown to roughly €400 million under MiCA.
Key points
- Only USDC, USDG and EURC are MiCA-compliant among the top 30 global stablecoins
- Circle wants MiCA to preserve cross-border multi-issuance arrangements for stablecoins
- Circle proposes replacing mandatory commercial bank deposit reserve thresholds with liquidity-based rules
Why it matters
The proposed MiCA changes could expand regulated stablecoin access for EU users while reducing banking counterparty risk for issuers. EURC's growth shows demand for euro-backed regulated stablecoins in the region.
Price context · EURC
At publication
$1.12
Now
$1.12
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Circle urges MiCA changes as only 3 of top 30 stablecoins comply
Coverage timeline
- First reported by CoinGape
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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