Algorand

<p>While responding to the latest regulations under the Markets in Crypto Asset Regulation of the European Union, Coinbase has started delisting non-compliant <a href="https://blockchainreporter.net/glossary/stablecoin/" rel="noopener noreferrer nofollow">stablecoins</a>. The crypto exchange is delisting the stablecoin $USDT due to their non-compliance with MiCAR in Europe while the leading blockchain platform Algorand is moving forward with $EURD and $USDCa, which are compliant with the MiCAR regulations. The platform announced this development on its official social media account.</p><h2 id="header-0">Algorand Introduces $EURD and $USDCa as Compliant Stablecoins in Europe</h2><p>Algorand Foundation noted that the delisting focuses on reforming the wider digital-asset landscape across Europe, particularly for 450M citizens. Nonetheless, the introduction of $EURD and $USDCa delivers regulated and secure options for users in Europe.</p><p>$USDCa of Algorand is released by Circle as a completely compliant version of the broadly known USDC Coin. Algorand stands among the few non-EVM blockchains that natively back it. More than, $114M in $USDCa is currently circulating while demand rises because consumers pursue compliant and stable alternatives to replace delisted tokens.</p><p>The technical strengths of the Algorand blockchain include rapid transfer finality, broad exchange support on Binance and Coinbases, and low fees. These factors turn $USDC into a significantly attractive option for European residents requiring dollar-based stablecoins. Apart from $USDCa, Algorand also offers $EURD of Quantoz. It is a completely regulated digital version of the euro. $EURD maintains a 1:1 ratio in its peg with the euro while imposing no transfer fees. This makes it a preferred choice for daily and micro transfers.</p><h2 id="header-1">The Newly Unveiled Stablecoins offer Secure, Scalable, and Compliant Digital Assets for European Users</h2><p>The above-mentioned 2 stablecoins place <a href="https://algorand.co/" rel="noopener noreferrer nofollow">Algorand</a> among the leading players in the evolving crypto sector in Europe. They offer secure, scalable, and compliant digital assets, aligning with the stringent regulatory agenda of the regions under MiCAR.</p>

Algorand Leads the Way with MiCAR-Compliant Stablecoins Amid Coinbase Delistings in Europe

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