According to ChainCatcher, Richard Teng, CEO of Binance, posted on the X platform that becoming an electronic money token (EMT) that complies with the MiCA standard marks a positive step forward for the crypto ecosystem in the European Economic Area. USDC will continue to be available in Binance products for users in the European Economic Area, and it is hoped that there will be more MiCA-compliant EMTs in the near future.