Circle EU EMI License Ushers In New Era For 450M Customers
Key Points:
- Circle holds an E-Money Issuer license, complying with EU’s PSD2 and MiCA.
- Circle issues USDC and EURC to European customers, securing all EURC reserves.
The Circle EU EMI license enables issuing of USDC and EURC, impacting the digital asset market and fostering a competitive Euro digital currency market.
Co-founder and CEO Jeremy Allaire wrote that Circle has won an E-Money Issuer license from ACPR in France, making it the first global stablecoin issuer fully compliant with the outgoing PSD2 and the future MiCA at the EU level.
Circle EU EMI License Ensures Regulatory Compliance
Starting July 1, Circle began issuing USDC and EURC to its European customer base, thereby squarely positioning digital assets into their mainstream growth and adoption phase.
Circle EU EMI license allows it to operate under stringent regulatory standards, ensuring the safety of these electronic money tokens for users across different regimes.
Therefore, compliance with the comprehensive MiCA regime is crucial to the continuing evolution of Circle’s Internet financial system. The firm launched USDC, a protocol for dollars on the Internet, in 2018, and its growth has been exponential, from $400M to $4B to $40B.
Readmore: Solana Liquid Staking Sees Explosive Growth QOQ: Analysis
Circle Achieves Milestone with E-Money Issuer License
Now, granting the EU EMI license means that all USDC and EURC currently circling Europe are hereby MiCA compliant. As such, it holds 100% of EURC reserves explicitly under the regulated Circle France entity and required reserves for the European USDC holders with a globally systemically important bank.
The implications of the EU EMI license on the digital asset market at large and in Europe are immense. Circle boasts nearly 450 million customers within the EU alone, and they are about to adopt Euro digital currency in the form of Euro stablecoins, fostering a competitive market for Euro digital currency.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Circle EU EMI License Ushers In New Era For 450M Customers
Key Points:
- Circle holds an E-Money Issuer license, complying with EU’s PSD2 and MiCA.
- Circle issues USDC and EURC to European customers, securing all EURC reserves.
The Circle EU EMI license enables issuing of USDC and EURC, impacting the digital asset market and fostering a competitive Euro digital currency market.
Co-founder and CEO Jeremy Allaire wrote that Circle has won an E-Money Issuer license from ACPR in France, making it the first global stablecoin issuer fully compliant with the outgoing PSD2 and the future MiCA at the EU level.
Circle EU EMI License Ensures Regulatory Compliance
Starting July 1, Circle began issuing USDC and EURC to its European customer base, thereby squarely positioning digital assets into their mainstream growth and adoption phase.
Circle EU EMI license allows it to operate under stringent regulatory standards, ensuring the safety of these electronic money tokens for users across different regimes.
Therefore, compliance with the comprehensive MiCA regime is crucial to the continuing evolution of Circle’s Internet financial system. The firm launched USDC, a protocol for dollars on the Internet, in 2018, and its growth has been exponential, from $400M to $4B to $40B.
Readmore: Solana Liquid Staking Sees Explosive Growth QOQ: Analysis
Circle Achieves Milestone with E-Money Issuer License
Now, granting the EU EMI license means that all USDC and EURC currently circling Europe are hereby MiCA compliant. As such, it holds 100% of EURC reserves explicitly under the regulated Circle France entity and required reserves for the European USDC holders with a globally systemically important bank.
The implications of the EU EMI license on the digital asset market at large and in Europe are immense. Circle boasts nearly 450 million customers within the EU alone, and they are about to adopt Euro digital currency in the form of Euro stablecoins, fostering a competitive market for Euro digital currency.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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