Circle Urges EU to Scrap Strict Bank Deposit Rules for Stablecoins

Crypto Insight Summary: The issuer of the second-largest stablecoin in the crypto world proposed a new regime for foreign-regulated stablecoins, where international issuers would be primarily supervised in their home jurisdiction with measures equivalent to those applied in the EU, allowing locally licensed institutions to handle distribution. Circle Proposes New Foreign Stablecoin Regime Under MiCA Circle, the issuer […] Crypto Insight Analysis: Direction: Bullish USDC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Easing EU regulations could boost stablecoin adoption and liquidity.