Circle Proposes Changes to MiCA Stablecoin Reserve Requirements
What happened
On October 2, 2026, Circle urged the European Commission to ease fixed bank deposit rules under the Markets in Crypto-Assets (MiCA) regulation for stablecoin reserves.
The Context
- Regulatory Shift: Circle's proposal comes during the EU's review of MiCA, aiming to replace rigid deposit thresholds with liquidity-based requirements.
- Market Implications: Only three of the world's top 30 stablecoins comply with MiCA, highlighting potential barriers for broader adoption.
- Historical Precedent: The call for change is partly influenced by the 2023 Silicon Valley Bank incident, which exposed risks from banking counterparty exposure.
The Number
— Only three of the world's top 30 stablecoins are MiCA-compliant, underscoring the regulatory challenges facing the crypto market.
Takeaway
As the MiCA consultation progresses, expect potential amendments that could redefine stablecoin operations and liquidity requirements.
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Circle wants EU to ease MiCA bank deposit rules for stablecoins
Circle has urged the European Commission to reconsider fixed bank deposit requirements for stablecoin reserves as part of the ongoing review of the Markets in Crypto-Assets (MiCA) regulation. The company argues that these mandatory deposit minimums h...
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Circle urges EU to revise stablecoin reserve rules in MiCA review
Circle has urged the European Union (EU) to revise its stablecoin reserve rules during the ongoing review of the Markets in Crypto-Assets (MiCA) regulation, advocating for more flexible liquidity requirements instead of mandatory bank-deposit minimum...
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Circle urges MiCA changes as only 3 of top 30 stablecoins comply
Circle has called on EU policymakers to amend the Markets in Crypto-Assets (MiCA) regulation, highlighting that only three of the world's top 30 stablecoins meet the current compliance standards. This call comes as part of Circle's policy submission ...