Circle's USDC stablecoin has become the first to comply with Canada's upcoming listing rules, allowing it to remain on licensed crypto platforms in 2025. The Canadian Securities Administrators' (CSA) Value-Referenced Crypto Asset (VCRA) regime requires stablecoins to maintain a stable value by referencing fiat currency. Non-compliant stablecoins face delisting by December 31, 2024. Circle also achieved compliance with the Ontario Securities Commission and aims to enhance cross-border payments and settlement systems in Canada. Globally, Circle's Euro Coin meets EU's MiCA standards, and its Singapore subsidiary holds a payment license. USDC, with a market cap over $40.3 billion, is second only to Tether in the $201.2 billion stablecoin market.