Circle, the issuer of USDC stablecoin, is calling on the European Union to expedite distributed ledger technology (DLT) regulatory reforms and broaden the scope of stablecoin settlement rules across the bloc. The cryptocurrency infrastructure firm has submitted recommendations to EU policymakers as part of ongoing discussions around digital asset regulation.
Circle's push comes as the EU develops its regulatory framework for digital financial assets under the Markets in Crypto-Assets (MiCA) regulation. The company argues that accelerating DLT reforms would enable faster settlement of transactions using stablecoins and create a more competitive environment for blockchain-based financial infrastructure. Expanding settlement rules would allow stablecoins to be used more broadly in cross-border transactions and institutional payments within the EU.
The move reflects broader industry efforts to shape European crypto regulation as the bloc finalizes technical standards and implementation timelines. For stablecoin issuers and blockchain firms operating in Europe, streamlined rules could reduce compliance costs and unlock new use cases in wholesale payments and securities settlement.