[Circle releases a new stablecoin EURC linked to the euro]

Circle’s stablecoin EURC joins USDC as the largest stablecoin on Base, with over $3 billion in circulation as of July 9. The euro is the third largest legal currency in the world and has significant growth opportunities in the digital industry. Both EURC and USDC comply with new Markets in Crypto-Assets (MiCA) regulations, becoming the first stablecoins to comply with these strict standards.

Jeremy Allaire, co-founder and CEO of Circle, discussed the future of stablecoins in the interview, emphasizing that competition will intensify as the European Union’s regulatory framework tightens. He said the company's commitment to compliance is one of its competitive advantages, noting that Circle recently received an Electronic Money Institution (EMI) license, allowing it to offer euro- and dollar-pegged tokens in the European Union.

Circle’s MiCA compliance enables it to issue USDC and EURC directly to European customers starting July 1, allowing banks and e-money institutions to integrate euro-denominated stablecoins into their services. The development comes as the industry broadly adapts to MiCA rules, with several cryptocurrency exchanges including Bitstamp, Binance, Kraken, OKX and Uphold delisting euro-denominated stablecoins such as Euro Tether (EURT) in compliance with MiCA requirements.

#鴉快訊 $USDC @Circle USDC