Circle has become the first major issuer to achieve compliance with the EU’s Markets in Crypto-Assets (MiCA) regulations; a significant development for the global stablecoin market. This news, signals a major step forward for the company and the broader cryptocurrency landscape in Europe.

Circle's authorization as an e-money institution (EMI) by the French prudential regulator, ACPR, marks a pivotal moment. This EMI license allows Circle to issue both EURC and USDC through its regulated French entity in a MiCA-compliant way. Such compliance ensures that Circle's stablecoins meet the stringent standards set by EU regulators, enhancing their legitimacy and trustworthiness in the market.

With this new authorization, Circle is launching Circle Mint Accounts, enabling EU customers to directly access and redeem USDC and EURC in a MiCA-compliant manner. These accounts will integrate seamlessly with common EU payment systems like SEPA and SEPA Instant, making it easier for customers to interact with stablecoins.

"Achieving MiCA compliance through our French EMI license is a significant step forward, not just for Circle, but for the entire digital financial ecosystem in Europe and beyond," said Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle. "As digital assets become increasingly integrated into the mainstream financial landscape, it is essential that we establish robust, transparent frameworks to promote trust and adoption. Today’s announcement ( 01, July, 2024) further reinforces our commitment to building a more inclusive, compliant future for internet finance.”