Circle dey beg EU make dem reduce wahala for euro stablecoins (EURC)

Circle, di US stablecoin issuer, don ask European Commission make dem reduce di high capital thresholds for di EU "Market Integration Package." Di company talk sey di current rules dey basically block euro stablecoins—especially EURC—make banks and asset managers fit use dem widely. Circle talk sey di draft framework for electronic money tokens (EMT) go only allow tokens wey big for market cap make dem fit use as collateral for institutional settlement. E no get any euro-based EMT, including EURC, wey meet di threshold now, so e create one "catch-22" for adoption. To break di deadlock, Circle wan make regulators revise di DLT Pilot Regime and allow smaller euro stablecoins to support bond and securities settlement. If dem adopt di changes, EURC fit shift from being niche trading asset to on-chain liquidity and collateral layer for traditional finance. Di request come after MiCA’s stablecoin licensing framework full effective late 2024, but Circle warn sey uneven member-state interpretation and remaining integration frictions fit leave euro stablecoins "stuck in the sandbox." Talks on di Market Integration Package fit run reach 2027, so institutional rollout go depend on di final CSDR/DLT details.