Circle Granted Permission to Issue EURC Stablecoin and USDC in Compliance with MiCA Regulations

Monday, 1 July 2024, 15:00

Circle has become the first entity to secure a stablecoin license under the EU's recently introduced MiCA rules. The company's subsidiary, Circle Mint France, will now be able to issue the euro-denominated stablecoin EURC as well as the popular USDC within the European Union. This development marks a significant milestone in the regulatory landscape surrounding digital assets in the region, providing clarity and legitimacy to stablecoin issuance. With this groundbreaking achievement, Circle is positioned as a key player in the evolving digital currency ecosystem, bridging traditional finance with innovative blockchain technology.

CoinDesk — Circle Granted Permission to Issue EURC Stablecoin and USDC in Compliance with MiCA Regulations

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.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Circle Obtains First Stablecoin License in EU

Key Points:

Related posts