{"id":15539,"date":"2024-07-07T17:14:46","date_gmt":"2024-07-07T21:14:46","guid":{"rendered":"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/"},"modified":"2024-07-07T17:14:46","modified_gmt":"2024-07-07T21:14:46","slug":"circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/","title":{"rendered":"Circle becomes first stablecoin issuer to secure license under EU\u2019s MiCA regulations"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<p>    \n                    <\/div>\n<ul>\n<li>ACPR grants Circle e-money license for USDC and EURC across EU.<\/li>\n<li>Circle is the first stablecoin issuer to get licensed under MiCA regulation.<\/li>\n<li>MiCA aims to protect investors with stablecoin transaction limits.<\/li>\n<\/ul>\n<p>Circle has become the first stablecoin issuer to secure regulatory approval under the European Union\u2019s Markets in Crypto-Assets (MiCA) regulations.<\/p>\n<p>The license, issued by France\u2019s financial regulator, the Autorit\u00e9 de Contr\u00f4le Prudentiel et de R\u00e9solution (ACPR), grants Circle the ability to issue its USDC and Euro Coin (EURC) stablecoins across the EU.<\/p>\n<h2>Circle now authorized to issue stablecoins throughout the EU<\/h2>\n<p>Circle\u2019s e-money license from the ACPR positions it as a pioneer in complying with MiCA regulations.<\/p>\n<p>Jeremy Allaire, Circle\u2019s co-founder and CEO, highlighted the significance of this achievement, noting that it reflects the company\u2019s commitment to building robust and regulated infrastructure for digital currencies.<\/p>\n<p>The license enables Circle to offer its stablecoin services throughout the European Union, thanks to MiCA\u2019s \u201cpassporting\u201d feature, which allows crypto firms registered in one EU country to operate across all member states.<\/p>\n<p>In a nutshell, stablecoins, such as USDC and EURC, are cryptocurrencies pegged to fiat currencies, offering a stable alternative to the volatility typically associated with other cryptocurrencies like Bitcoin. They facilitate quick transitions in and out of crypto investments without relying on traditional bank accounts, making them an attractive option for investors.<\/p>\n<h2>Impact of MiCA regulations on crypto operations in the EU<\/h2>\n<p>MiCA represents the EU\u2019s first comprehensive legal framework governing crypto operations, including specific provisions to protect investors and prevent market manipulation.<\/p>\n<p>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.<\/p>\n<p>Full compliance with all MiCA regulations is required by July 2026.<\/p>\n<p>One notable aspect of MiCA\u2019s 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>\n<h2>Circle\u2019s USDC stablecoin second to Tether\u2019s USDT<\/h2>\n<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\u2019s USDT, which boasts $112.7 billion.<\/p>\n<p>The new regulatory approval under MiCA not only strengthens Circle\u2019s market position but also enhances its ability to offer secure and compliant stablecoin services across the EU.<\/p>\n<p>It is important to note that while some crypto services providers like Bitstamp have dropped Tether\u2019s stablecoins in the EU, Circle\u2019s regulatory approval gives the USDC an edge over the Tether\u2019s stablecoins in the EU.<\/p>\n<div class=\"post-meta\">\n<p>                        Share this articleCategoriesTags\n                    <\/p><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACPR grants Circle e-money license for USDC and EURC across EU. Circle is the first stablecoin issuer to get licensed under MiCA regulation. MiCA aims to protect investors with stablecoin transaction limits. Circle has become the first stablecoin issuer to secure regulatory approval under the European Union\u2019s Markets in Crypto-Assets (MiCA) regulations. The license, issued [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-15539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Circle becomes first stablecoin issuer to secure license under EU\u2019s MiCA regulations - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle becomes first stablecoin issuer to secure license under EU\u2019s MiCA regulations\" \/>\n<meta property=\"og:description\" content=\"ACPR grants Circle e-money license for USDC and EURC across EU. Circle is the first stablecoin issuer to get licensed under MiCA regulation. MiCA aims to protect investors with stablecoin transaction limits. Circle has become the first stablecoin issuer to secure regulatory approval under the European Union\u2019s Markets in Crypto-Assets (MiCA) regulations. The license, issued [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Sikaoer - The Best Crypto News Site.\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-07T21:14:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/07\/Circle-becomes-first-stablecoin-issuer-to-secure-EUs-MiCA-regulations.jpg\" \/>\n<meta name=\"author\" content=\"SikaoerAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SikaoerAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\"},\"author\":{\"name\":\"SikaoerAdmin\",\"@id\":\"https:\/\/sikaoer.com\/#\/schema\/person\/43f022757a102cf0dbe32031e6c7cf67\"},\"headline\":\"Circle becomes first stablecoin issuer to secure license under EU\u2019s MiCA regulations\",\"datePublished\":\"2024-07-07T21:14:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\"},\"wordCount\":480,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sikaoer.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2024\/07\/Circle-becomes-first-stablecoin-issuer-to-secure-license-under-EUs.jpg\",\"articleSection\":[\"Regulation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\",\"url\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\",\"name\":\"Circle becomes first stablecoin issuer to secure license under EU\u2019s MiCA regulations - Sikaoer - The Best Crypto News Site.\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2024\/07\/Circle-becomes-first-stablecoin-issuer-to-secure-license-under-EUs.jpg\",\"datePublished\":\"2024-07-07T21:14:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#primaryimage\",\"url\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2024\/07\/Circle-becomes-first-stablecoin-issuer-to-secure-license-under-EUs.jpg\",\"contentUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2024\/07\/Circle-becomes-first-stablecoin-issuer-to-secure-license-under-EUs.jpg\",\"width\":527,\"height\":350,\"caption\":\"Circle becomes first stablecoin issuer to secure EU\u2019s MiCA regulations\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sikaoer.com\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sikaoer.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Circle becomes first stablecoin issuer to secure license under EU\u2019s MiCA regulations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sikaoer.com\/#website\",\"url\":\"https:\/\/sikaoer.com\/\",\"name\":\"Sikaoer\",\"description\":\"Latest Bitcoin &amp; 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