USDC

<p><strong>ACPR has granted Circle an e-money license for USDC and EURC across the EU, making Circle the first stablecoin issuer to be licensed under MiCA regulation. MiCA aims to protect investors by implementing stablecoin transaction limits.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/18bc4ea96753494c8b3065cf4755137b.png" /></p><p>Circle is now the first stablecoin issuer to get regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) regulations. France’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), has granted Circle a license to issue its USDC and Euro Coin (EURC) stablecoins across the EU.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/100a10b4fe9546ae8d56c88251c61945.png" /></p><h3 id="circle-secures-e-money-license-under-mica-regulations">Circle Secures E-Money License Under MiCA Regulations</h3><p><a href="https://www.circle.com/en/pressroom/circle-is-first-global-stablecoin-issuer-to-comply-with-mica-eus-landmark-crypto-law" rel="noopener noreferrer nofollow">Circle’s e-money license</a> from the ACPR positions it as a pioneer in complying with MiCA regulations. Jeremy Allaire, Circle’s co-founder and CEO, highlighted the significance of this achievement, noting that it reflects the company’s commitment to building robust and regulated infrastructure for digital currencies.</p><p>The license enables Circle to offer its stablecoin services throughout the <a href="https://cryptosheadlines.com/european-union-introduces-first-framework-for-ai/" rel="noopener noreferrer nofollow">European Union</a>, thanks to MiCA’s “passporting” feature, which allows crypto firms registered in one EU country to operate across all member states.</p><p></p><p>Stablecoins, such as USDC and EURC, are cryptocurrencies pegged to fiat currencies, offering a stable alternative to the <a href="https://cryptosheadlines.com/bitcoins-volatility-indicator-signals-bull-run/" rel="noopener noreferrer nofollow">volatility typically associated with other cryptocurrencies like Bitcoin</a>. They facilitate quick transitions in and out of <a href="https://cryptosheadlines.com/revolut-a-digital-bank-expands-its-services-to-brazil-by-offering-crypto-investments/" rel="noopener noreferrer nofollow">crypto investments without relying on traditional bank</a> accounts, making them an attractive option for investors.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/18bc4ea96753494c8b3065cf4755137b.png" /></p><h3 id="mica-eu-s-comprehensive-legal-framework-for-crypto-operations">MiCA: EU’s Comprehensive Legal Framework for Crypto Operations</h3><blockquote>MiCA represents the EU’s first comprehensive <a href="https://cryptosheadlines.com/eu-finance-ministers-approve-crypto-legal-frameworks-progress-towards-law/" rel="noopener noreferrer nofollow">legal framework governing crypto</a> operations, including specific provisions to protect investors and prevent market manipulation. The initial set of MiCA regulations pertaining to stablecoins took effect immediately on June 30, while the remaining provisions for crypto asset service providers will be implemented by the end of December 2024. Full <a href="https://cryptosheadlines.com/binance-delisting-stablecoins-in-europe-due-to-mica-compliance/" rel="noopener noreferrer nofollow">compliance with all MiCA</a> regulations is required by July 2026.</blockquote><p>One notable aspect of MiCA’s stablecoin rules is the limit on daily transaction volumes of non-euro stablecoins, capped at 1 million transactions or 200 million euros. This regulation aims to ensure market stability and protect the financial system from potential risks associated with high-volume transactions.</p><p><a href="https://cryptosheadlines.com/polygon-matic-price-at-risk-as-big-investors-begin-selling/" rel="noopener noreferrer nofollow">Also Read:   Polygon (MATIC) Price at Risk as Big Investors Begin Selling</a></p><h3 id="circle-secures-regulatory-approval-under-mica-strengthens-market-position">Circle Secures Regulatory Approval Under MiCA, Strengthens Market Position</h3><p>Circle, established in 2018, has rapidly grown to become a major player in the cryptocurrency market. Its USDC stablecoin is the second-largest globally, with $32.4 billion worth of tokens in circulation, second only to Tether’s USDT, which boasts $112.7 billion.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/100a10b4fe9546ae8d56c88251c61945.png" /></p><p>The new regulatory approval under MiCA not only strengthens Circle’s <a href="https://cryptosheadlines.com/solana-overtakes-polygon-securing-the-9th-position-in-market-capitalization/" rel="noopener noreferrer nofollow">market position but also enhances its ability to offer secure</a> and compliant stablecoin services across the EU. This approval positions Circle as a leader in the <a href="https://cryptosheadlines.com/why-did-stablecoin-market-cap-drop-in-august/" rel="noopener noreferrer nofollow">stablecoin market</a> within the European Union.</p><p>It is important to note that while some <a href="https://cryptosheadlines.com/sygnum-singapore-receives-approval-to-provide-crypto-services/" rel="noopener noreferrer nofollow">crypto service providers</a>, like Bitstamp, have dropped Tether’s stablecoins in the EU, Circle’s regulatory approval gives USDC an edge over Tether’s stablecoins in the region.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/78beb37f10344123a4dc7b83deebdd02.png" /></p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

Circle Secures First MiCA License for Stablecoin Issuance in EU

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