According to Odaily Planet Daily, Circle co-founder and CEO Jeremy Allaire said that the provisions in MiCA requiring stablecoin company reserves are worrying. He explained: "It is difficult for companies in our industry to maintain a stable relationship with banks. MiCA actually introduces a lot of bank risks."
It is reported that MiCA requires companies issuing stablecoins pegged to fiat currencies to hold 30% of cash reserves in multiple EU bank accounts, and for important electronic currency tokens, this ratio can be up to 60%. Some experts speculate that the MiCAII regulations will follow and update the current legislation and add more provisions on decentralized finance.
