Circle Bags MiCA’s E-Money License for USDC and EURC

[Benjamin]

Circle Bags MiCA’s E-Money License for USDC and EURC



Crypto payments company Circle has announced that its USDC and EURC stablecoins are now available under EU regulations. The move makes Circle the first stablecoin company Mica Uysal. The Crypto Asset Market regulation has been hailed as a landmark regulation that will provide clarity across many market areas.

Circle Receives EU Stablecoin License


Circle receives first EU stablecoin license and will now use both USDC and USDC Euro For European customers. Circle co-founder Jeremy Allaire revealed the development in a July 1 post on X (formerly Twitter), highlighting the birth of systematic progress.

““Circle’s announcement today is a significant milestone in the ongoing evolution of the internet financial system, with one of the world’s largest economies establishing clear regulations that make stablecoins legal tender and ushering in a phase in the development of the crypto market as a platform and mainstream infrastructure for payments, finance and commerce.”

Circle also chose France as its European hub following previous jurisdictional collaborations. According to the statement, France’s ACPR has authorized the company as an e-money issuer for both countries. US Dollar and EURC stablecoins. Users can access the assets through Circle Mint France.

NEWS FLASH: @Apartment Announced that USDC and EURC are now available under new EU stablecoin laws, making Circle the first global stablecoin issuer to comply with MiCA. Circle is now issuing both USDC and EURC locally to European customers as of July 1.


Detail… pic.twitter.com/isNBumoi3e

— Jeremy Allaire – jda.eth (@jerallaire) July 1, 2024

The company had previously been exploring ways to launch a stablecoin from both US and EU jurisdictions, while emphasizing fungibility across different networks. Following the announcement, crypto users across industry domains praised the move, calling for similar synergy among stakeholders and regulators.

A Harmonious Regime




MiCA is billed to bring the industry fully compliant following the collapse of several crypto firms that wiped billions of dollars out of the market. This announcement by Circle means that USDC and EURC in EU markets are now MiCA compliant. The company will also hold 100% of the EURC reserves in the French entity.

““All USDC held by Europeans are fully fungible globally and users can trade, transact, self-custody, use in DeFi, etc. without any changes. For the vast majority of European users who buy, hold or sell an exchange or other crypto asset service provider’s product, nothing changes.”


The company praised MiCA’s impact on crypto regulations, citing the need for innovation and compliance.

Then read on: Bitcoin (BTC) Faces Strong Volatility on Different US PMI Data





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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a knack for keeping up with breaking news. Keeping up to date with trends, David has reported on a variety of topics including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horseback riding.





The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.

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