Every story we've covered involving cross-border-issuance.
Stablecoin issuer Circle asked the European Commission to rethink parts of the Markets in Crypto-Assets Regulation (MiCA), urging removal of mandatory bank-deposit minimums in favor of flexible liquidity requirements and preservation of cross-border co-issuance arrangements. In its consultation response, Circle also warned that deposit-focused reserve rules increase exposure to banking-sector credit and counterparty risks, citing the March 2023 Silicon Valley Bank incident.
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