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Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Circle Pushes Back on MiCA's Bank-Deposit Mandate for StablecoinsWorldPing
Image via Decrypt.

What happened

The USDC issuer told the European Commission that MiCA's reserve mandates and concentration caps keep the largest global stablecoins outside Europe's perimeter—siding with the ECB in calling for more flexible rules.

Key facts

  • Reported by Decrypt and published Fri, 02 Oct 2026 19:46:03 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

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