Circle, the stablecoin issuer, has asked the European Commission to change the reserve requirements in the Markets in Crypto-Assets Regulation (MiCA). It made the request in its response to a consultation on reviewing the regulation. Cointelegraph reported it on Oct 2, 2026.
Circle's main request is to remove the mandatory minimum share of reserves that must be held as bank deposits. It wants more flexible liquidity rules in their place. It also asked the EU to keep stablecoin issuance across borders possible.
This is a response to a consultation, not a change to the law. The report does not say how the European Commission will respond, when the review will finish, or whether any rule will change.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, nothing changes directly. The report has no information on funding rates, trading fees or exchange liquidity, and no MiCA rule has changed yet. The only thing to watch is the outcome of the review, and nothing about it is known yet.
Source: cointelegraph — Circle urges EU to revise stablecoin reserve rules in MiCA review