Circle stablecoins are now EU compliant

Circle, a leading global stablecoin issuer, has revealed that its USDC and EURC stablecoins can now be traded under the recently introduced EU stablecoin regulations. This achievement positions it as a pioneer in compliance with the Markets in Crypto Assets (MiCA) framework. As a result, the company will directly issue both USDC and EURC to its European customers starting July 1.

This significant announcement marks a key moment in the development of the internet financial system. Europe, one of the world’s major economies, has now established clear regulations recognizing stablecoins as a legal electronic currency.

These newly passed laws pave the way for stablecoins to become the foundational infrastructure for transactions, financial activities, and trade. Circle’s long-held vision since its inception has become a reality, fulfilling the company’s goal of issuing a fully collateralized digital currency on accessible and connected public networks.

Circle Adjustment Milestones

Circle has achieved significant milestones by becoming the first crypto company to obtain e-money licenses across the United States, to obtain the New York BitLicense, and to secure an e-money license in the United Kingdom. Additionally, the company played a pioneering role in developing early models for incorporating fiat currency into public blockchain networks.

Ethereum’s technological advances in 2018 facilitated the creation of USDC by Circle, a digital dollar system that has gained momentum, particularly in the field of decentralized finance (DeFi). Facebook’s disclosure of Project Libra intensified global scrutiny of stablecoins, prompting the development of G20 policy directives and subsequent national regulatory frameworks.

The EU’s MiCA regulations, approved two years ago, are the most extensive global framework for overseeing stablecoins and digital assets. Circle responded by launching a euro stablecoin, EURC, bringing it into compliance with MiCA. France’s proactive regulatory landscape, built on early cryptocurrency laws, positioned it strategically as Circle’s European hub.

Furthermore, today Circle has received authorization from the ACPR in France to operate as an e-money provider and as a MiCA-compliant e-money token issuer for USDC and EURC. Thanks to Circle Mint France, European customers can now directly use these stablecoins. This regulatory compliance ensures the reliability and security of these digital currency tokens for users from different regions.

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