Circle announces compliance with European Union Markets in Crypto-Assets regulations

“Since our founding, Circle has sought to build durable, compliant, and well-regulated infrastructure for stablecoins, and our adherence to MiCA, which represents one of the most comprehensive crypto regulatory regimes in the world, is a huge milestone in bringing digital currency into mainstream scale and acceptance,” Circle co-founder and Chief Executive Officer Jeremy Allaire said. “By working closely with French and EU regulators, we are now able to offer both USDC and EURC as fully-compliant dollar and euro stablecoins to the European market, unlocking the enormous potential of digital assets to transform finance and commerce.”

Binance, the largest crypto exchange in the world, announced on June 3 that it would implement several changes in order to comply with the MiCA stablecoin regulations taking effect June 30, according to a post on the company's website. Binance said it would restrict the availability of Unauthorized Stablecoins, and users would not be able to use Unauthorized Stablecoins in spot trading pairs.

Circle is a financial technology company known for developing USDC (USD Coin), a digital currency pegged to the US dollar on a 1:1 basis. The company collaborates closely with regulators to ensure USDC meets and exceeds standards for stablecoins. According to the company website, the company's mission is to enhance global economic prosperity by facilitating frictionless value exchange through USDC.