Circle has submitted its response to the European Commission’s MiCA Review Consultation. Our feedback draws on two years of experience operating USDC and EURC under MiCA, with a focus on strengthening Europe’s role as a dynamic, liquid stablecoin market. In the response, we address: → Multi-issuance for global stablecoin liquidity → Longer-term equivalence and recognition for foreign stablecoins → Reserve requirements focused on safety and liquidity https://www.circle.com/blog/circles-response-to-the-european-commissions-mica-review-consultation