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Circle asks EU to lower EMT market-cap thresholds in Market Integration Package
Circle has submitted a request to the European Commission asking it to lower the market-cap thresholds in the EU's proposed Market Integration Package, arguing the current design blocks euro stablecoins from scaling. The company says euro-denominated e-money tokens such as EURC cannot be used for institutional settlement under the draft Central Securities Depositories Regulation unless they are already large. Circle's submission was dated March 20, and it frames the thresholds as a barrier to entry for on-chain securities settlement in Europe.