Circle Granted Permission to Issue EURC Stablecoin and USDC in Compliance with MiCA Regulations
Monday, 1 July 2024, 15:00
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Circle Obtains First Stablecoin License in EU
Circle Mint France has been granted permission to issue EURC stablecoin and USDC in compliance with MiCA regulations.
Key Points:
- Regulatory Milestone: First stablecoin license under the new MiCA rules.
- EURC Stablecoin: Euro-denominated stablecoin to be issued in the EU.
- USDC: Popular US dollar-backed stablecoin also to be available in the region.
This significant development provides clarity and legitimacy to stablecoin issuance in the European Union, signaling a positive step towards the integration of digital assets into the mainstream financial system.
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