Hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review.

Circle has called on EU policymakers to adjust certain provisions in MiCA, noting that the majority of the largest global stablecoins are not included. According to Patrick Hansen, EU strategy and policy director at Circle, only three of the world’s top 30 stablecoins are MiCA-compliant. Ad Ad Circle Pushes for Wider Stablecoin Recognition According to

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Lloyds used USDC to settle $750,000 of payment obligations with Visa during a seven-day live cross-border pilot.