Circle has asked the European Commission to scrap the MiCA rule that forces stablecoin issuers to keep a fixed share of their reserves in bank deposits. The USDC issuer filed its response to
Circle has asked the European Commission to scrap the MiCA rule that forces stablecoin issuers to keep a fixed share of their reserves in bank deposits.
The USDC issuer filed its response to the Commission’s MiCA review consultation, which closed on 30 September, and published it on Thursday. It is not alone. On 22 September the European System of Central Banks, the ECB plus all 27 national central banks, asked for the same rule to go.
