Circle Faces European Regulatory Hurdles
full version at en.bitcoinhaber.net
Circle, the company behind the USDC stablecoin, is grappling with the demands of the European MiCA regulation, which mandates stablecoin issuers to hold 30% of their reserves in cash across various EU bank accounts. Jeremy Allaire, Circle’s CEO, highlighted the associated banking risks like credit and counterparty issues.
