According to Criptovaluta, the European Commission is planning to revise the MiCA legislation (aka MiCA 2.0), focusing on asset tokenization and stablecoins issued outside the EU. The European Central Bank (ECB) emphasized in its response that the regulatory focus will include the "Dual Issuance" mechanism, which allows certain issuers to release identical tokens with universal smart contracts both inside and outside Europe, but under vastly different regulatory frameworks depending on the jurisdiction. Market analysts suggest this move may primarily target U.S.-based issuers like Circle (USDC/EURC) and Paxos. Currently, institutions like Circle use this mechanism to hold reserves corresponding only to the portion circulating within the Eurozone, while placing the remaining assets in the U.S. This enables them to allocate funds to high-yield bonds and repurchase agreements (REPO) in the U.S. market, while in Europe they are restricted by strict fiat cash reserve requirements (major issuers must hold 40% in cash). https://www.(wublock123.com)/news/news-64315