đšđ $USDC meets MiCA standards, surpassing USDT to become the first Stablecoin licensed in the EU đšđ
âĄAccording to the latest information from CEO Jeremy Allaire, Circle has officially received an Electronic Money Institution (EMI) license from the French regulator, allowing the company to issue and manage stablecoins USDC and EURC (formerly is EUROC) in the European market. The license will take effect from July 1, 2024, affirming Circle's leading position in expansion efforts.
âïžMiCA sets strict requirements on risk management, information security, and transparency in operations. MiCA's goal is to create a âlevel playing fieldâ for cryptocurrency businesses, while protecting investors and promoting innovation.
đUSDC is currently the second largest stablecoin in the market, accounting for about 20% of the total global stablecoin supply, according to data from The Block Data. By receiving the license to operate under MiCA, Circle is expected to further consolidate its leading position in the stablecoin market, while contributing to the widespread adoption and popularity of stablecoins in the economy. number.
