Original sourceSB Crypto Guru News
Summary
USDC issuer Circle is calling for EU reform of MiCA, focusing on foreign stablecoins. Key proposals include: narrowing MiCA's scope and using a recognition regime to bring major international stablecoins under EU supervision, letting issuers with EU business be supervised by their home country; mai…
Key points
- This reveals divisions between large issuers and the EU on reserves and cross-border issuance, directly affecting stablecoin accessibility in Europe.
- If reserve rules are relaxed, it will change stablecoin issuers' capital efficiency and the competitive structure of the European market.
- European businesses and users may see more foreign stablecoins recognized under regulation, but the direction still depends on subsequent EU adjustments.
Editorial note
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