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Circle urges EU to revise MiCA as only 3 of top 30 stablecoins comply

  • Circle is asking EU policymakers to adjust provisions in MiCA.
  • Three of the world's top 30 stablecoins are MiCA-compliant, Circle says.
  • Patrick Hansen made the assessment as Circle's EU strategy and policy director.

Circle is urging EU policymakers to amend provisions of MiCA (the EU's crypto-asset regulation), arguing that the framework does not cover most leading global stablecoins. Patrick Hansen, Circle's EU strategy and policy director, said only three of the world's top 30 stablecoins currently comply with MiCA.

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