Circle gets first stablecoin license under new EU MiCA crypto rules

Circle has become the first global stablecoin issuer to comply with MiCA, the EU’s new set of landmark crypto laws.

Circle’s Electronic Money Institution license enables both USDC and EURC to be issued in the EU in compliance with MiCA’s regulatory obligations for stablecoins or e-money tokens. It also gives Circle a top position in grabbing market share among the 27-nation trading bloc’s 450 million people.