Circle urges the EU to accelerate distributed ledger reforms and expand the application of stablecoin settlements.

CoinFeed reported on March 24th that, according to The Block, stablecoin issuer Circle is urging European policymakers to accelerate the update of the EU's digital asset framework, stating that delays could hinder institutional adoption of the tokenized market. In its feedback submitted on March 20th regarding the European Commission's proposed market integration plan, Circle stated that the plan is a "meaningful step" towards modernizing capital markets, but gaps remain in scalability, regulation, and settlement. Circle largely supports the proposed amendments to the EU's distributed ledger technology pilot regime, including expanding the scope of eligible assets and raising trading volume thresholds, but stated that current restrictions still constrain liquidity and institutional participation. The company recommends introducing "adaptive" thresholds linked to market conditions and calls for accelerating the transition path from the pilot phase to permanent rules.