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Finance & Markets

Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins

The USDC issuer told the European Commission that MiCA's reserve mandates and concentration caps keep the largest global stablecoins outside Europe's perimeter—siding with the ECB in calling for more flexible rules.

Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins

We haven't written up this one. Decrypt has the full story — the link below goes straight to it.

Read the original at decrypt.co →

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Brazil’s Real: Speculators Raise Net Bets to 60,538 Contracts Before Vote

Speculators’ net long position in Brazilian real futures was 60,538 contracts on 29 September, up 6,337 from a week earlier, CFTC data show, before Sunday’s election.

  • Speculators held 60,538 Brazilian real contracts before the vote.
  • Net position increased by 6,337 contracts from the previous week.
  • Most traders were non-commercial hedge funds and investment funds.

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