Circle Wants EU’s 30% Stablecoin Reserve Rule Swapped for Liquidity Test

Circle has asked the European Commission to overhaul EU stablecoin reserve rules, proposing to replace mandatory bank-deposit allocations with a liquidity-based standard. The request, submitted in an Oct. 1 summary of Circle's response to the MiCA consultation, puts the USDC and EURC issuer alongside European central banks in calling for changes.