Circle secured an Electronic Money Institution (EMI) license, becoming the first global stablecoin issuer compliant with MiCA regulations, positioning itself in the EU market.
Stablecoins play a vital role in the digital asset market for trading, transactions, and remittances. Circle's USDC is the second-largest stablecoin after Tether's USDT, with a $32 billion market cap.
MiCA's stablecoin regulations were partly influenced by concerns over big tech companies like Meta entering financial markets. Circle's head of policy, linked to the Libra project, views MiCA as industry validation but emphasizes the absence of shortcuts.
[
Collection
]
[
|
...
]