Circle, a leading stablecoin issuer, is pressing European policymakers to hasten updates to the EU's digital asset framework, warning that delays could impede institutional adoption of tokenized markets. In feedback submitted on March 20, Circle acknowledged the European Commission's market integration plan as a significant step towards modernizing capital markets but highlighted existing gaps in scalability, regulation, and settlement. Circle supports amendments to the EU's distributed ledger technology pilot program, advocating for an expanded range of eligible assets and higher trading volume thresholds. However, it argues that current restrictions limit liquidity and institutional participation. The company recommends adaptive thresholds based on market conditions and urges a swift transition from the pilot phase to permanent regulations. Circle also calls for broader inclusion of e-money tokens in cash settlements and clearer rules for using stablecoins as collateral, emphasizing the need for crypto service providers to offer settlement accounts.