{"id":172067,"date":"2024-09-23T17:29:44","date_gmt":"2024-09-23T17:29:44","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172067"},"modified":"2024-09-23T17:29:48","modified_gmt":"2024-09-23T17:29:48","slug":"circle-leverages-new-mica-regulations-to-promote-usdc-and-eurc-across-the-eu","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/circle-leverages-new-mica-regulations-to-promote-usdc-and-eurc-across-the-eu\/","title":{"rendered":"Circle Leverages New MiCA Regulations to Promote USDC and EURC Across the EU"},"content":{"rendered":"
TL;DR<\/p>\n
Circle has announced its intention to legitimize USDC<\/a> and EURC<\/strong> as official electronic currencies in the European Union, leveraging the Markets in Crypto-Assets (MiCA)<\/strong> regulations that came into effect in June.<\/p>\n These regulations establish strict compliance standards for stablecoin issuers<\/strong>. According to Jeremy Allaire, CEO of Circle, EURC’s growth has been notable, with a 70% increase<\/strong> since the implementation of MiCA, while USDC continues to be the leading dollar-backed stablecoin in Europe<\/strong>.<\/p>\n I am in Europe all week as part of our expansion efforts with EURC and USDC as legal electronic money in Europe. <\/p>\n EURC is now the largest compliant Euro stablecoin, having grown ~70% since MiCA went into force. <\/p>\n USDC is also now the largest compliant dollar stablecoin in\u2026<\/p>\n — Jeremy Allaire – jda.eth \/ jdallaire.sol (@jerallaire) September 23, 2024<\/a><\/p><\/blockquote>\n\n