Stablecoin issuer Circle has been granted an Electronic Money Institution (EMI) license by France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR), part of the Banque de France. With Europe’s MiCA laws relating to stablecoins coming into force yesterday, Circle is now the first global stablecoin issuer to be compliant. Other smaller stablecoins issuers already have licenses. Hence, it now plans to issue both the EURC and USDC via Circle Mint France.
“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,” said Jeremy Allaire, Co-Founder and CEO at Circle.
“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.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
